Tag: foreign exchange
Grain prices soar in N. Korea as won-dollar rate crosses 24,000
North Korean market prices are soaring again, with both grain prices and foreign exchange rates hitting record highs and driving continued volatility.
According to Daily...
N. Korea expands currency exchange beyond dollar, yuan
Pyongyang's official currency exchanges are expanding beyond the dollar and yuan to handle yen, euros and rubles as North Korea diversifies its trade relationships.
A...
Wonsan-Kalma facilities must register foreign currency payment systems
North Korea has ordered all commercial facilities in the Wonsan-Kalma Coastal Tourist Zone to register their electronic foreign currency payment systems by May 14.
The...
N. Korean grain prices surge to near-record levels after brief dip
North Korean grain prices are climbing again after a brief lull earlier this month, according to market data.
Rice sold for 9,500 North Korean won...
N. Korea expands foreign currency payments through smartphone apps
North Korean smartphones are processing more payments in foreign currencies, and an increasing number of businesses are now required to offer electronic payment systems,...
Wage hikes widen N. Korean income gap 18 months after reform
A year and a half has passed since the North Korean cabinet issued a directive to "increase statutory wages paid monthly to workers in...
Hoeryong factory workers face mandatory herb collection quotas
Workers in Hoeryong have been ordered to collect 3-5 kilograms of medicinal herbs per person by the end of the month. Workers say they...
North Korea adds foreign exchange features to e-payment apps
North Korea is supporting foreign currency transactions by providing real-time exchange rate information through e-payment apps. The authorities appear intent on promoting the use...
North Korea detains Chinese fishing boat as maritime patrols intensify
A North Korean patrol boat seized a Chinese fishing vessel near Cholsan county, North Pyongan province, last month and detained its six-member crew for...
N. Korea’s central bank audits S. Hwanghae province, eyes financial sector...
North Korea's central bank conducted a two-week audit of the Commercial Bank of South Hwanghae province beginning Sept. 1. The audit focused primarily on...
