exchange rate stability Archives - 38 North

The North Korean Economy, October 2019: Are Sanctions Causing a More Volatile Exchange Rate?

Benjamin Katzeff Silberstein

Oct 25, 2019

Commentary, Domestic Affairs, NK Economy Column

Introduction The stability of North Korean exchange rates has been a longstanding puzzle for economic experts on the DPRK. Even…

Is the North Korean Won Pegged to the RMB? Probably, but the Numbers Don’t Show It

Benjamin Katzeff Silberstein and Peter Ward

Nov 14, 2018

Commentary, Economy

The market exchange rate between the North Korean won, the Chinese renminbi (RMB), and the US dollar (USD) has looked…