DPRK affected by rising rice prices, currency depreciation

Pictured above (Daily NK): The 2012 Won / US$1 exchange rate up to 2012-7-13. According to data provided by the Daily NK, the won/dollar exchange rate fell (the won appreciated relative to the dollar) nearly 28.4% from 5,100W/US$1 in December 2011 (a high following Kim Jong-il’s death) to approximately 3,650W/US$1 in February 2012. Since February, … Continue reading DPRK affected by rising rice prices, currency depreciation