North Korea exchange rate hits all-time high

North Korea exchange rate hits all-time high

North Korea’s black market exchange rate for the U.S. dollar broke 70,000 North Korean won for the first time in recorded history in April 2026, surging nearly 30% in just two weeks as expanding China trade drove up foreign currency demand and sent prices for food, fuel, and imported goods sharply higher across the country’s informal markets. Daily NK’s regular survey of North Korean market prices found that as of April 12, the won-dollar rate …