Dr. Seliger has sent in some interesting information on financial products being advertised to North Koreans. I will post it over the next few days.
Today we will look at the marketing materials for the Jeil Credit Bank in Pyongyang:
Here is what the marketing poster says:
외화저금안내 Currency savings guide
저금종류 리자률 (년리)% Interest Rate
Types of savings (per annum)%보통저금
Usual saving 1%정기저금(6개월)
Regular Saving (6 month) 2.5%정기저금(1년)
Regular Saving (1 year) 6%정기저금(2년)
Regular Saving (2 year) 7%정기저금(3년)
Regular Saving (3 year) 7.5%정기저금(5년)
Regular Saving (5 year) 8%정기저금(10년)
Regular Saving (10 year) 9%제일신용은행은 자기의 이름 그대로 경영전략과 자금관리에서 신용을 제일 생명처럼 여기고 있으며 개인저금잔고를 절대로 남에게 보여주거나 알려주지 않습니다.
Jeil Credit Bank, as the name of itself, consider credit of management strategies and money management as our life and does not show or share ones account information to others.제일신용은행의 저금자들은 저금하는 날 혹은 저금 만기 전 임의의 날에 리자를 먼저 찾아 쓸 수 있으며 저금만기날이 아니라도 언제든지 필요하면 저금한 돈을 전부 되찾을 수 있습니다.
Jeil credit bank customers can withdrawal the interest before maturity at any time and if needed, all of the money from the savings can be withdrawn before maturity.제일신용은행은 싱가포르와 50년간 합영계약을 맺고 있는 은행입니다.
Jeil Credit Bank has a 50 years joint venture contract with Singapore.영업시간 월요일부터 금요일까지 오전 10시~12시 20분, 오후 14시~16시 20분
Business hours: Mon-Fri 10 am – 12.20 pm, 2 pm – 4.20 pm제일신용은행
Jeil Credit Bank
Interesting. Goes without saying that it is a foreign currency savings account we are talking about.
The sad thing is that they’re getting a better interest rate than me…