The North Korean Economy, October 2019: Are Sanctions Causing a More Volatile Exchange Rate?
Introduction The stability of North Korean exchange rates has been a longstanding puzzle for economic experts on the DPRK. Even…
Tag: Chinese renminbi
Is the North Korean Won Pegged to the RMB? Probably, but the Numbers Don’t Show It
The market exchange rate between the North Korean won, the Chinese renminbi (RMB), and the US dollar (USD) has looked…