Tag: foreign currency
Hyesan clamps down on money changers
Hyesan authorities have recently started clamping down on money changers, Daily NK has learned.
“Money changers are facing a tougher crackdown than ever before. Since...
Russia-based N. Korean company managers run contract teams to earn extra...
Managers of Russia-based North Korean companies that earn foreign currency are secretly running “contract teams” to line their own pockets, Daily NK has learned.
Speaking...
Gloomy expectations about restart of trade leads to plummeting KPW-RMB rate
After rising for three months, North Korea’s KPW-RMB market exchange rate has recently plummeted due to falling expectations about the full-scale restart of trade...
N. Koreans return to using foreign currency in markets in Pyongyang,...
North Korea’s foreign exchange rates — which collapsed during the COVID-19 pandemic — are recovering to their pre-COVID levels with the county’s recent expansion...
N. Korean trading company under defense ministry preparing to send soldiers...
A trading company affiliated with North Korea’s Ministry of Defense is preparing to deploy soldiers overseas for foreign currency earning activities, Daily NK has...
N. Korea sees increase in exchange rates amid government moves to...
The KPW-USD exchange rate has recently risen across all major cities in North Korea in what appears to be a development connected to government...
Taesong Department Store hands down gifts to employees for Kim Il...
The Kyonghung Guidance Bureau, a major North Korean trading company, and Pyongyang's Taesong Department Store marked Kim Il Sung's birthday on Apr. 15 with...
North Korea intensifies crackdowns on money changers
Authorities in North and South Hamgyong provinces have recently been cracking down on money changers, Daily NK has learned.
“Anyone who steps foot in ...
N. Korea boosts number of military-affiliated trading companies
North Korea recently began boosting the number of trading companies affiliated with the military and is currently supplementing personnel to staff them, Daily NK...
North Korea orders unhealthy workers in Russia to return home
North Korea recently ordered workers deployed to Russia to return home if their ability to work is impaired due to health problems, Daily NK...
