Comments on: DPRK bans use of foreign currency http://www.nkeconwatch.com/2010/01/01/dprk-bans-use-of-foreign-currency/ News and analysis of the North Korean economy Thu, 09 Feb 2012 18:43:42 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: forex trading http://www.nkeconwatch.com/2010/01/01/dprk-bans-use-of-foreign-currency/#comment-254427 forex trading Wed, 21 Sep 2011 10:56:00 +0000 http://www.nkeconwatch.com/2010/01/01/dprk-bans-use-of-foreign-currency/#comment-254427 Forex fixing is the daily monetary exchange rate fixed by the national bank of each country. The idea is that central banks use the fixing time and exchange rate to evaluate behavior of their currency. Fixing exchange rates reflects the real value of equilibrium in the forex market. Banks, dealers and online foreign exchange traders use fixing rates as a trend indicator.   Forex fixing is the daily monetary exchange rate fixed by the national bank of each country. The idea is that central banks use the fixing time and exchange rate to evaluate behavior of their currency. Fixing exchange rates reflects the real value of equilibrium in the forex market. Banks, dealers and online foreign exchange traders use fixing rates as a trend indicator.
 

]]> By: forex http://www.nkeconwatch.com/2010/01/01/dprk-bans-use-of-foreign-currency/#comment-254426 forex Wed, 21 Sep 2011 10:51:00 +0000 http://www.nkeconwatch.com/2010/01/01/dprk-bans-use-of-foreign-currency/#comment-254426 Hi, Forex trading is great tools for making money. The benefits of it is - 24 hour trading, Superior liquidity, No commissions, Profit potential in falling markets. The Forex analysis is great tool for prediction of the market and looks over the business cycle, inflation, deflation, etc.   Hi,
Forex trading is great tools for making money. The benefits of it is – 24 hour trading, Superior liquidity, No commissions, Profit potential in falling markets. The Forex analysis is great tool for prediction of the market and looks over the business cycle, inflation, deflation, etc.

 

]]> By: Peripheral Influence: North Korea Updates « Sinologistical Violoncellist http://www.nkeconwatch.com/2010/01/01/dprk-bans-use-of-foreign-currency/#comment-172830 Peripheral Influence: North Korea Updates « Sinologistical Violoncellist Wed, 06 Jan 2010 01:03:55 +0000 http://www.nkeconwatch.com/2010/01/01/dprk-bans-use-of-foreign-currency/#comment-172830 [...] North Korea Economy Watch has a comprehensive update and list of links on the currency issue. [...] [...] North Korea Economy Watch has a comprehensive update and list of links on the currency issue. [...]

]]> By: Biff http://www.nkeconwatch.com/2010/01/01/dprk-bans-use-of-foreign-currency/#comment-172694 Biff Tue, 05 Jan 2010 04:55:00 +0000 http://www.nkeconwatch.com/2010/01/01/dprk-bans-use-of-foreign-currency/#comment-172694 I once purchased NK currency (as souvenirs) in Dandong, right across the border from NK. The price I got was better than the official exchange rate (though probably somewhat lower than the black market rate in China). I wasn't sure if the currency was real, but some surprised NK students in China confirmed that it was. If the black market price for NK won is tanking (As I understand) and foreigners will be able to use NK currency, it might make sense to take a trip to a place like Dandong and purchase NK currency for use in NK. If one could enjoy black market exchange rate prices in NK, it might actually be pretty cheap. I don't know if the minders would turn you in for something like that... but it might be interesting. I don't think you could get into much trouble in China for seeking out an exchange. I once purchased NK currency (as souvenirs) in Dandong, right across the border from NK. The price I got was better than the official exchange rate (though probably somewhat lower than the black market rate in China). I wasn’t sure if the currency was real, but some surprised NK students in China confirmed that it was. If the black market price for NK won is tanking (As I understand) and foreigners will be able to use NK currency, it might make sense to take a trip to a place like Dandong and purchase NK currency for use in NK. If one could enjoy black market exchange rate prices in NK, it might actually be pretty cheap. I don’t know if the minders would turn you in for something like that… but it might be interesting. I don’t think you could get into much trouble in China for seeking out an exchange.

]]> By: North Korean Economy Watch » Blog Archive » New DPRK currency plummets against Chinese yuan http://www.nkeconwatch.com/2010/01/01/dprk-bans-use-of-foreign-currency/#comment-172334 North Korean Economy Watch » Blog Archive » New DPRK currency plummets against Chinese yuan Sun, 03 Jan 2010 22:58:05 +0000 http://www.nkeconwatch.com/2010/01/01/dprk-bans-use-of-foreign-currency/#comment-172334 [...] Previous posts on the DPRK’s recent monetary changes can be found here. [...] [...] Previous posts on the DPRK’s recent monetary changes can be found here. [...]

]]> By: ROK Drop Weekly Linklets – January 3, 2010 | ROK Drop http://www.nkeconwatch.com/2010/01/01/dprk-bans-use-of-foreign-currency/#comment-172316 ROK Drop Weekly Linklets – January 3, 2010 | ROK Drop Sun, 03 Jan 2010 22:07:34 +0000 http://www.nkeconwatch.com/2010/01/01/dprk-bans-use-of-foreign-currency/#comment-172316 [...] North Korea has now banned the use of foreign currency. [...] [...] North Korea has now banned the use of foreign currency. [...]

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