New info on the DPRK’s exchange rates and Economic Development Zones

James Pearson writing in Reuters updates us on the state of the DPRK’s domestic currency: In a dimly-lit Pyongyang toy shop packed with Mickey Mouse picture frames and plastic handguns, a basketball sells for 46,000 Korean People’s Won – close to $500 at North Korea’s centrally planned exchange rate. Luckily, for young North Koreans looking … Continue reading New info on the DPRK’s exchange rates and Economic Development Zones