Tag: foreign currency
As trade with China expands, N. Korea’s dollar and yuan exchange...
North Korea’s exchange rates for the dollar and yuan are holding steady as trade with China expands.
According to Daily NK’s regular survey of market...
N. Korea recruits workers for foreign currency-earning activities overseas
North Korea is currently recruiting workers to engage in foreign currency-earning activities overseas, Daily NK has learned.
Provincial authorities nationwide received an order on Mar....
N. Korean foreign exchange rates rise amid continued hopes for restart...
A regular Daily NK survey of currency rates has found that North Korea’s foreign exchange rates continue to rise, but the rate of ascent...
Borrowers hurt by dramatic rise in N. Korean won – Chinese...
Quarrels are breaking out between lenders and borrowers due to the sudden rise in the North Korean won-Chinese yuan (KPW-RMB) exchange rate recently, Daily...
N. Koreans turn their backs on the country’s cash vouchers
A year has passed since North Korean authorities issued cash vouchers, or donpyo, to bolster the state’s ailing finances. Daily NK understands, however, that...
N. Korean banks offer accounts with deposits guaranteed by the government
North Korean banks have recently begun selling financial products with guaranteed deposits, Daily NK has learned. While these sales are limited for now, their...
N. Koreans can use e-payments to buy items through popular e-commerce...
North Koreans can use both bank cards and bank transfers to buy goods on a popular mobile e-commerce app used to purchase items from...
N. Korea’s currency continues to strengthen against the Chinese yuan
North Korea’s currency continues to strengthen against the yuan. Exchange rates usually climb when trade with China temporarily expands ahead of major state events...
N. Korea’s USD-KPW exchange rate continues to climb amid signs trade...
North Korea's KPW-USD exchange rate continues to climb amid the strengthening of the US dollar while the international economic slowdown causes a surge...
N. Korean won weakens more than 10% against the dollar over...
The North Korean won has weakened over 10% against the dollar during the last two weeks. This comes after repeated fluctuations from the start...
