Institute for Far Eastern Studies (IFES) NK Brief No. 10-03-22-1 3/22/2010 Foreign currency swaps and illegal trade are again prevalent in North Korea, despite recent currency reforms and bans on money exchanges. Following last November’s currency reform, there has been a significant crackdown on the use of foreign currency and cross-border trade by individuals. However, … Continue reading Foreign exchange and smuggling again prevalnet in North Korea