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Narae debit card use grows

Click image above to see large view of Narae Card.

Back in March of 2011, I posted some information on the DPRK’s Narae Debit Card. It is one of two debit card systems functioning in the DPRK of which I am aware (here is information on the Koryo Bank Debit Card).

Some time has passed since Narae’s launch, however, and Dr. Seliger reports that use of the debit card in Pyongyang is growing. As evidence he sends along a list of Pyongyang establishments that are accepting the card.

 

You can see a rough English translation of the names of these shops and hotels here (doc).

It is worth pointing out, again, that the Narae card stores balances in hard currency.

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This entry was posted on Tuesday, July 3rd, 2012 at 12:15 pm and is filed under Banking, Fiscal & monetary policy, Tourism. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.