Volatility in North Korea’s Currency Trading: Does a Rising Won Mean Trouble Ahead, or Progress?
Over the past few weeks, North Korea, in a surprising move, has apparently sharply pushed up the value of its…
Over the past few weeks, North Korea, in a surprising move, has apparently sharply pushed up the value of its…
Introduction The stability of North Korean exchange rates has been a longstanding puzzle for economic experts on the DPRK. Even…
The market exchange rate between the North Korean won, the Chinese renminbi (RMB), and the US dollar (USD) has looked…
During my last trip to North Korea in February 2017, I noted a number of interesting developments that have taken…