{"id":52358,"date":"2022-07-22T11:11:09","date_gmt":"2022-07-22T02:11:09","guid":{"rendered":"https:\/\/www.dailynk.com\/english\/?p=52358"},"modified":"2026-04-05T15:39:57","modified_gmt":"2026-04-05T06:39:57","slug":"usd-kpw-exchange-rate-climbs-sharply-in-hyesan","status":"publish","type":"post","link":"https:\/\/www.dailynk.com\/english\/usd-kpw-exchange-rate-climbs-sharply-in-hyesan\/","title":{"rendered":"USD-KPW exchange rate climbs sharply in Hyesan"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The KPW-USD exchange rate has recently climbed into the KPW 8,000 range in Hyesan, Yanggang Province.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A Daily NK source in Yanggang Province said Wednesday that the KPW-USD rate has been sharply climbing in Hyesan since July 16.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cIt seems the rate is being impacted by <\/span><i><span style=\"font-weight: 400;\">donju<\/span><\/i><span style=\"font-weight: 400;\"> [North Korea&#8217;s wealthy entrepreneurial class] and the trading sector buying up lots of foreign currency starting last week,\u201d he said.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to the source, the dollar rate held steady in the KPW 7,000 &#8211; KPW 8,000 range in Hyesan through the middle of July, but then climbed past KPW 8,000 from Monday. In fact, the dollar was trading at KPW 8,300 in Hyesan as of Monday.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Although the KPW-USD exchange rate has climbed sharply, the KPW-RMB exchange rate seems to be holding relatively steady.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Through so-called \u201cremittance brokers\u201d who maintain constant contact with the outside world and people who use foreign-made smartphones, information is filtering into North Korea that the dollar is strengthening worldwide. Additionally, rumors are reportedly circulating in North Korea that the dollar rate will continue to climb.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In response to this information, <\/span><i><span style=\"font-weight: 400;\">donju<\/span><\/i><span style=\"font-weight: 400;\">, money changers and traders are buying up dollars. The growing numbers of people buying dollars, rather than selling them, is propelling the rise in the exchange rate, according to the source.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWith the borders continuing to remain closed, people are making money in different ways and are using information about international markets,\u201d he said. \u201cFor example, they make money by buying dollars if they get information that the exchange rate is expected to climb in the international market, and sell dollars if it seems the rate will fall.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The source also said that people will face significant difficulties if the KPW-USD exchange rate climbs above KPW 10,000.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cPeople hope the recent spike in the exchange rate is only a temporary phenomenon,\u201d he added.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, as of Monday, a kilogram of rice cost KPW 6,600 in Hyesan\u2019s markets, while a kilogram of corn cost KPW 3,300.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This was KPW 400 and KPW 150 more, respectively, than what rice and corn cost during Daily NK\u2019s <a href=\"https:\/\/www.dailynk.com\/english\/north-korean-rice-prices-continue-upward-march-despite-potato-wheat-barley-harvest\/\">regular survey of North Korean prices<\/a> on July 10, when rice cost KPW 6,200 a kilogram and corn KPW 3,150 a kilogram.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">North Korean media reported on Saturday that the harvest for barley and wheat \u2014 two grains used as alternatives for rice \u2014 was entering its final stage, with 98% of the harvest completed. However, market food prices continue to climb, a phenomenon <a href=\"https:\/\/www.dailynk.com\/english\/north-korean-rice-prices-continue-upward-march-despite-potato-wheat-barley-harvest\/\">some observers<\/a> attribute to poor harvest forecasts this year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In particular, shrinking rice imports due to the fall in China-North Korea trade is also influencing rising food prices.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Accordingly, North Koreans are suffering from deepening hardships. The source said there are more and more families worrying about how they will put meals on the table in the face of rising prices.<\/span><\/p>\n<p><i>Please direct any comments or questions about this article to dailynkenglish@uni-media.net.<\/i><\/p>\n<p><a href=\"https:\/\/www.dailynk.com\/20220720-1\/\"><i>Read in Korean<\/i><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The KPW-USD exchange rate has recently climbed into the KPW 8,000 range in Hyesan, Yanggang Province. A Daily NK source in Yanggang Province said Wednesday that the KPW-USD rate has been sharply climbing in Hyesan since July 16. \u201cIt seems the rate is being impacted by donju [North Korea&#8217;s wealthy entrepreneurial class] and the trading [&hellip;]<\/p>\n","protected":false},"author":132,"featured_media":52359,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wikipediapreview_detectlinks":true,"footnotes":""},"categories":[67,645],"tags":[738,100,714],"class_list":["post-52358","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","category-economy","tag-hyesan","tag-markets","tag-economy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v28.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>USD-KPW exchange rate climbs sharply in Hyesan - North Korea News \u2014 Daily NK | Latest DPRK Updates 2026<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.dailynk.com\/english\/usd-kpw-exchange-rate-climbs-sharply-in-hyesan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"USD-KPW exchange rate climbs sharply in Hyesan\" \/>\n<meta property=\"og:description\" content=\"The KPW-USD exchange rate has recently climbed into the KPW 8,000 range in Hyesan, Yanggang Province. A Daily NK source in Yanggang Province said Wednesday that the KPW-USD rate has been sharply climbing in Hyesan since July 16. \u201cIt seems the rate is being impacted by donju [North Korea&#8217;s wealthy entrepreneurial class] and the trading [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.dailynk.com\/english\/usd-kpw-exchange-rate-climbs-sharply-in-hyesan\/\" \/>\n<meta property=\"og:site_name\" content=\"North Korea News \u2014 Daily NK | Latest DPRK Updates 2026\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-22T02:11:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-05T06:39:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2022\/07\/\u5de1\u9053\u5de5\u51fa\u54c1_photo_by_Xundaogong_\ubd81\ubd80\uc120\uff08\ud61c\uc0b0\ub9cc\ud3ec\uccad\ub144\uc120\uff09_\u5317\u90e8\u7dda\uff08\u60e0\u5c71\u6eff\u6d66\u9751\u5e74\u7dda\uff09\u307b\u304f\u3076\u305b\u3093\uff08\u3051\u3044\u3055\u3093\u307e\u3093\u307d\u305b\u3044\u306d\u3093\u305b\u3093\uff09_Pukpu_Line_Hyesan_Manpho_Cho_-_panoramio.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"427\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lee Chae Eun\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lee Chae Eun\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.dailynk.com\\\/english\\\/usd-kpw-exchange-rate-climbs-sharply-in-hyesan\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.dailynk.com\\\/english\\\/usd-kpw-exchange-rate-climbs-sharply-in-hyesan\\\/\"},\"author\":{\"name\":\"Lee Chae Eun\",\"@id\":\"https:\\\/\\\/www.dailynk.com\\\/english\\\/#\\\/schema\\\/person\\\/6c9f40b0a89c4a5354607f43756dbbe0\"},\"headline\":\"USD-KPW exchange rate climbs sharply in Hyesan\",\"datePublished\":\"2022-07-22T02:11:09+00:00\",\"dateModified\":\"2026-04-05T06:39:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.dailynk.com\\\/english\\\/usd-kpw-exchange-rate-climbs-sharply-in-hyesan\\\/\"},\"wordCount\":480,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.dailynk.com\\\/english\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.dailynk.com\\\/english\\\/usd-kpw-exchange-rate-climbs-sharply-in-hyesan\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.dailynk.com\\\/english\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2022\\\/07\\\/\u5de1\u9053\u5de5\u51fa\u54c1_photo_by_Xundaogong_\ubd81\ubd80\uc120\uff08\ud61c\uc0b0\ub9cc\ud3ec\uccad\ub144\uc120\uff09_\u5317\u90e8\u7dda\uff08\u60e0\u5c71\u6eff\u6d66\u9751\u5e74\u7dda\uff09\u307b\u304f\u3076\u305b\u3093\uff08\u3051\u3044\u3055\u3093\u307e\u3093\u307d\u305b\u3044\u306d\u3093\u305b\u3093\uff09_Pukpu_Line_Hyesan_Manpho_Cho_-_panoramio.jpg\",\"keywords\":[\"hyesan\",\"markets\",\"economy\"],\"articleSection\":[\"News\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.dailynk.com\\\/english\\\/usd-kpw-exchange-rate-climbs-sharply-in-hyesan\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.dailynk.com\\\/english\\\/usd-kpw-exchange-rate-climbs-sharply-in-hyesan\\\/\",\"url\":\"https:\\\/\\\/www.dailynk.com\\\/english\\\/usd-kpw-exchange-rate-climbs-sharply-in-hyesan\\\/\",\"name\":\"USD-KPW exchange rate climbs sharply in Hyesan - 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