What’s Up with North Korea’s Skyrocketing Exchange Rates?
In recent months, foreign exchange rates in North Korea have surged in ways that intuitively …
Tag: exchange rate stability
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 …
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 …