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…
Over the past few weeks, North Korea, in a surprising move, has apparently sharply pushed up the value of its…
Introduction The stability of North Korean exchange rates has been a longstanding puzzle for economic experts on the DPRK. Even…
The market exchange rate between the North Korean won, the Chinese renminbi (RMB), and the US dollar (USD) has looked…