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…
Tag: north korean won
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…
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…
Consumerism in North Korea: The Kwangbok Area Shopping Center
During my last trip to North Korea in February 2017, I noted a number of interesting developments that have taken…