Tag: yuan
N. Korea’s currency plunges after Kim Jong Un’s China visit
North Korea's soaring exchange rates plummeted after Kim Jong Un's visit to China, driven by expectations that Chinese companies will increase investment across multiple...
Currency chaos hits North Korea as yuan drops but prices stay...
The exchange rate between North Korean won and Chinese yuan has crashed in the border city of Sinuiju following Kim Jong Un's visit to...
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...
Kim Jong Un’s favorite cigarettes command premium prices in China
North Korean cigarettes known as "7.27" — favored by leader Kim Jong Un — are gaining popularity in parts of China's Liaoning province despite...
N. Korea’s digital divide: Survey reveals urban-rural gap in electronic payments
North Korean authorities have conducted a nationwide survey on electronic payment usage in the first quarter of this year. The results show that while...
N. Korean authorities spring sting operations on illegal currency traders
North Korean authorities have intensified their crackdown on unauthorized foreign currency trading, with law enforcement increasingly using sting operations to catch offenders.
According to a...
Laser beauty treatments highlight growing wealth gap in N. Korea
Laser skin treatments are gaining popularity in North Korea's major cities, drawing significant interest among women, Daily NK has learned.
According to a source in...
In N. Korea’s Hoeryong, private truckers struggle with rising tire expenses
Truck drivers in the North Korean city of Hoeryong are traveling to Chongjin for tire purchases. Despite steep prices, drivers are willing to take...
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...
