Tag: foreign currency
N. Korea’s rising yuan exchange rate is hurting market sellers
The Chinese yuan exchange rate has recently been rising against the North Korean won, stacking up losses for vendors at North Korean markets and...
Pyongyang authorities investigate corruption in Hwasong housing development
The Pyongyang People's Committee recently launched an inspection into alleged financial transactions related to the allotment of housing in the city's Hwasong housing development,...
N. Korea plans to minimize economic damage from world’s moves to...
North Korean authorities are drawing up plans to minimize the economic damage the international community's moves to block imports of Chinese seafood produced through...
Growing trade leads to a spike in N. Koreas market exchange...
Market exchange rates in North Korea have hit another high as the US dollar climbs in international markets and trading activity expands in certain...
Yuan exchange rate skyrockets amid increased demand for Chinese currency
North Korea's yuan exchange rate is climbing sharply, driven by increased demand for Chinese currency due to North Korea’s “regional development 20x10 policy.”
According to...
Soaring grain prices put people under more pressure in Hoeryong
Grain prices have recently been soaring at markets in the city of Hoeryong, in North Hamgyong Province, putting North Koreans under even more financial...
Pyongyang man arrested for using counterfeit dollars
A Pyongyang resident in his 20s has been arrested by North Korean police for using counterfeit money, Daily NK has learned.
Speaking on condition of...
Latest N. Korean phones are expensive but still popular
The latest smartphones in North Korea cost hundreds of dollars, with some models costing nearly USD 1,000. While such prices are a significant burden...
N. Korean overseas work candidates warned of consequences of not sharing...
North Korean authorities recently told overseas job applicants that failure to give the government its share of their earnings would result in restrictions on...
Air Koryo flight brings defense researchers, students to Russia
An Air Koryo flight recently brought new workers, defense researchers, and students to Russia, highlighting the expanding exchanges between North Korea and Russia as...
