North Korea’s Economy, H1 2026: A Sliding Won and a Tungsten Windfall
This article is from the fifth edition (April–June 2026) of 38 North’s quarterly product, North …
Tag: north korean won
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 …
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 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 …