Tag: Markets
N. Korean markets hit new peaks as yuan and rice prices...
Market prices in North Korea are rising at an unprecedented rate, with rice costs and Chinese yuan exchange rates reaching record highs.
Daily NK's market...
Police raids target illegal alcohol production across North Korea
North Korea has launched a nationwide crackdown on illegal alcohol production, threatening the livelihoods of many who depend on bootlegging.
According to multiple sources inside...
N. Korea’s currency crisis forces return to barter economy
The North Korean won has plunged in value, driving exchange rates for U.S. dollars and Chinese yuan to record highs. In response, North Koreans...
N. Korea orders stricter market controls, electronic payments push
North Korea's cabinet has issued orders to provincial commerce bureaus nationwide to strengthen market controls and economic management, Daily NK has learned.
According to a...
N. Korean won-dollar rate stabilizes while won-yuan continues climb
The soaring won-dollar exchange rate at marketplaces in North Korea appears to have paused, at least for the moment. But the won-yuan market exchange...
N. Korean state shops near China allow food purchases in foreign...
North Korean state-run grain shops near the Chinese border have begun accepting foreign currency for food purchases, despite official restrictions on foreign currency use.
This...
North Korean food prices soar as currency crisis deepens
North Korean food prices have hit record highs, deepening hardship across the country.
According to Daily NK's regular market survey, rice prices exceeded 8,000 North...
N. Korea orders market crackdown to combat ‘capitalist elements’
North Korean leader Kim Jong Un has directed officials to crack down on marketplaces, citing concerns about the spread of capitalist influences. The directive...
Economic crisis drives North Korean city dwellers to countryside
Urban residents in North Korea's city of Hamhung are relocating to rural areas like Hongwon and Riwon counties due to severe economic hardships making...
Currency crisis drives North Koreans to dollar, yuan
The North Korean won has lost half its value against the dollar and yuan this year, driving more citizens to conduct marketplace transactions in...
