N. Korean bank offering savings accounts in foreign currencies, photos reveal



News N. Korean bank offering savings accounts in foreign currencies, photos reveal Growth of domestic banking could be linked to international sanctions, says expert Dagyum Ji February 20, 2017 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON NK News A pamphlet advertising the services of Unsong Credit Joint Bank, obtained by NK News, has revealed some of the technical details of North Korea's burgeoning financial sector. The bank says customers can deposit in “any convertible foreign currency” including Euros (EUR), U.S. Dollars (USD), Japanese Yen (JPY), Chinese Yuan (CNY), Hong Kong Dollars (HKD) and British Pounds (GBP). A pamphlet advertising the services of Unsong Credit Joint Bank, obtained by NK News, has revealed some of the technical details of North Korea's burgeoning financial sector. The bank says customers can deposit in “any convertible foreign currency” including Euros (EUR), U.S. Dollars (USD), Japanese Yen (JPY), Chinese Yuan (CNY), Hong Kong Dollars (HKD) and British Pounds (GBP). Become a member for less than $5.75 per week. Unlimited access to all of NK News: reporting, investigations, analysis The NK News Daily Update, an email newsletter to keep you in the loop Searchable archive of all content, photo galleries, special columns Contact NK News reporters with tips or requests for reporting Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts. Subscribe now All major cards accepted. No commitments – you can cancel any time. © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. Get the Daily Update Start your day with the North Korea stories that matter most – as selected by And how should we address you in correspondence? One more step! Please check your inbox, for an email we just sent you, and click on the confirmation message in it to get subscribed to our Daily News Update. Trending

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N. Korean bank offering savings accounts in foreign currencies, photos reveal

Growth of domestic banking could be linked to international sanctions, says expert

Dagyum Ji February 20, 2017

N. Korean bank offering savings accounts in foreign currencies, photos reveal

NK News

A pamphlet advertising the services of Unsong Credit Joint Bank, obtained by NK News, has revealed some of the technical details of North Korea's burgeoning financial sector.

The bank says customers can deposit in “any convertible foreign currency” including Euros (EUR), U.S. Dollars (USD), Japanese Yen (JPY), Chinese Yuan (CNY), Hong Kong Dollars (HKD) and British Pounds (GBP).

Become a member for less
than $5.75 per week.

Unlimited access to all of NK News: reporting, investigations, analysis
The NK News Daily Update, an email newsletter to keep you in the loop
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