Currency chaos hits North Korea as yuan drops but prices stay high

Currency chaos hits North Korea as yuan drops but prices stay high

The exchange rate between North Korean won and Chinese yuan has crashed in the border city of Sinuiju following Kim Jong Un’s visit to China, but prices haven’t budged, leaving residents scratching their heads. In Sinuiju, North Korea’s main trade hub with China, the yuan had climbed to around 6,000 North Korean won in August. But starting Sept. 10, after Kim’s China trip, it plummeted to around… Source