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 …
Tag: exchange rates
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 …
Rason Special Economic Zone: North Korea as It Could Be
If you have ever been to North Korea, you might know that feeling: you are in the country, and …
Agricultural Reform Again—or Not?
Beginning in early July, a variety of sources have reported possible changes in DPRK farm …