Price index graph. Per kg for food and liter for oil. The measurement is North Korean Won.

Price index graph. Per kg for food and liter for oil. The measurement is North Korean Won.

 

The exchange rates for North Korean Won to USD and Chinese RMB decreased down to one three-hundredth at some point, however, has been steadily increasing this year.  As far as the domestic markets are concerned North Korea hasn’t experienced any market issues from the lack of foreign currencies in spite of Resolution 2270, the “Toughest-Ever Sanctions.”

Passed in March, North Korea has ignored Resolution 2270 and forcefully conducted their fifth nuclear test on the 9th of September. Therefore, it is significant for every concerned country to implement the newly adopted sanctions. (ISHIMARU Jiro)

Related Article
N.Korea Market Survey Reveals Basic Food Price Hike
<Inside N. Korea>‘Kotchebi’, the Homeless, under the Kim Jong-un regime
〈Photo Report -1〉Public Market – The Moran Market (Pyongyang)

rimjingang_banner001Editor’s notes on North Korean reporters
ALL REPORTS >>>

ARCHIVE(pdf) >>
DPRK MAP >>

RECOMMENDATIONS