DPRK goes euro, Part 2

According to the BBC:

Since no official reason has been given for the DPRKs switch to the euro, Foreigners are speculating as to the reasons:

The move is seen by many analysts as an attempt by the authorities to exercise control over the foreign currency hoarded by its citizens. Many North Koreans have substantial dollar savings kept at home, and dollars are widely used in the country’s black markets and also in foreign exchange shops.

Apparently aid organizations have complained about the hassle of the conversion as well as the exchange rate they are getting.



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