New book confirms radical changes to North Korean foreign exchange rate system



Analysis New book confirms radical changes to North Korean foreign exchange rate system Recently-released publication offers a rare window into the world of the DPRK monetary policy Peter Ward October 22, 2019 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON by nknews_hq on 2018-09-05 10:05:06 A new North Korean publication has confirmed what has been evident and rumored for some time: that markets are integral to the country’s official exchange rates. In any other country this would be the first sentence in a beginner's textbook on foreign currency markets, but in the DPRK, this marks a major admission of the central role that markets play in North Korean life. A new North Korean publication has confirmed what has been evident and rumored for some time: that markets are integral to the country’s official exchange rates. In any other country this would be the first sentence in a beginner's textbook on foreign currency markets, but in the DPRK, this marks a major admission of the central role that markets play in North Korean life. 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

Analysis

New book confirms radical changes to North Korean foreign exchange rate system

Recently-released publication offers a rare window into the world of the DPRK monetary policy

Peter Ward October 22, 2019

New book confirms radical changes to North Korean foreign exchange rate system

by nknews_hq on 2018-09-05 10:05:06

A new North Korean publication has confirmed what has been evident and rumored for some time: that markets are integral to the country’s official exchange rates.

In any other country this would be the first sentence in a beginner's textbook on foreign currency markets, but in the DPRK, this marks a major admission of the central role that markets play in North Korean life.

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