Tag: foreign currency
N. Korea tells trading companies in N. Hamgyong Province to pay...
North Korean authorities have recently issued an order to trading companies in North Hamgyong Province telling them to pay their mandatory foreign currency contributions...
N. Korea conducts audits on how well provincial trade bureaus met...
North Korean authorities are reviewing how well provincial trade bureaus have met their foreign currency quotas in the first quarter of the year and...
North Korean soldiers in Russia earning foreign currency still unable to...
North Korean soldiers sent to Russia to earn foreign currency have been unable to return back home, despite having completed their full three years...
Increasing number of N. Korean workers in China end their lives...
There has recently been an increasing number of suicides among North Korean workers in China, signifying the depressed mood among North Korean managers and...
N. Korean laborers continue to earn foreign currency abroad
North Korean laborers are continuing to earn foreign currency in places such as China and Russia, despite sanctions placed on North Korea by the...
North Korean won – dollar exchange rate has yet to recover
The North Korean won-to-dollar exchange rate has yet to begin recovering since plummeting late last month. The rate, which had fluctuated in the KPW...
Falling N. Korean won – dollar exchange rate causes headaches among...
With major nations around the world such as the United States opening their purses to overcome the economic crisis brought on by COVID-19, currency...
N. Korea suspended public bonds scheme in early September
North Korea suspended the issuance of public bonds in early September, Daily NK has learned. The country had begun issuing the bonds in April...
Donju on the losing end of recent ban on “mobile money”
Members of North Korea’s wealthy entrepreneurial class who purchased large numbers of mobile phone cards have lost a considerable amount of money following a new...
Provinces ordered to increase number of stores accepting foreign currency
North Korean authorities recently issued an order to increase the number of stores accepting foreign currency operating nationwide in what appears to be an...
