As won crashes, rural North Koreans rush to buy dollars

As won crashes, rural North Koreans rush to buy dollars

A growing number of people in rural North Korea are converting their spare cash into U.S. dollars or Chinese yuan, as fears grow that the North Korean won is rapidly losing value, Daily NK has learned. Even in farming communities that once showed little interest in foreign currency, the belief that holding onto North Korean won “means taking a loss” is spreading. According to a Daily NK source in North Pyongan province on Wednesday, people in ru…

As won crashes, rural North Koreans rush to buy dollars - The Press United

A growing number of people in rural North Korea are converting their spare cash into U.S. dollars or Chinese yuan, as fears grow that the North Korean won is rapidly losing value, Daily NK has learned. Even in farming communities that once showed little interest in foreign currency, the belief that holding onto North Korean […] The post As won crashes, rural North Koreans rush to buy dollars appeared first on The Press United | International New…