New DPRK currency plummets against Chinese yuan

According to Yonhap: North Korea’s new currency introduced in late November has plummeted in value compared to the Chinese yuan, a local radio broadcaster claimed Sunday. The Seoul-based Open Radio for North Korea (ORNK), citing unidentified sources along the Sino-North Korean border, said that merchants were exchanging one yuan for 1,000 new North Korean won … Continue reading New DPRK currency plummets against Chinese yuan