Posts tagged North Korean Economy
N-Korean Redenomination Boomerangs – Economy Collapses
on February 4, 2010 by admin in China Business News, North Korea News, World Business News, Comments Off
Several reports suggest the fizzled out redenomination or currency swap enacted by North Korea to contain inflation has literally brought the country to its knees. Last November’s decree which gave citizens one week to surrender/exchange 100,000 old won (North Korean… Continue reading