Tag: foreign exchange
North Korean police use undercover spies to entrap merchants in foreign...
North Korea is intensifying crackdowns on person-to-person foreign currency transactions under its foreign exchange control law, with police in Sinuiju, North Pyongan province, recently...
N. Korea aims to expand mineral trade despite sanctions
North Korea has recently taken steps to expand its mineral trade despite international sanctions.
According to a Daily NK source in China recently, a large...
N. Korea bans trade officials from carrying cash abroad as foreign...
The North Korean authorities have intensified controls on trade officials who carry out or bring in foreign exchange, such as dollars or Chinese yuan,...
North Korea’s soaring exchange rates crush small merchants while enriching the...
Small-scale merchants in North Korean markets who conduct business in local currency say life has become "exhausting" as the country's internal exchange rates have...
Rice and fuel prices soar in N. Korea as won weakens...
North Korean market prices remain high after spiking earlier this month. With market exchange rates staying elevated, import prices are soaring.
According to Daily NK's...
N. Korea shutters exchange centers amid currency crisis
Foreign currency service centers installed near markets and foreign-currency shops in North Korea are being consolidated. The move appears to be driven by the...
N. Korean exchange rates hit record highs
North Korean market prices have surged across the board after briefly appearing to stabilize. Rice prices in North Korean markets have broken into the...
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...
