North Korea Money-Transfer Brokers Make a Comeback Amid Bank Distrust

North Korea money-transfer brokers make a comeback amid bank distrust

Private money-transfer brokers are reviving in North Korea after a period of suppression aimed at pushing people toward banks. The distrust toward banks that resulted from the crackdown is driving people back toward informal networks, a source in Ryanggang province said Thursday. Broker-arranged transfers connecting Hyesan residents with people sending or receiving money inland are picking up again, the source said. “For a while, the crackdown w…

North Korea money-transfer brokers make a comeback amid bank distrust - The Press United

Private money-transfer brokers are reviving in North Korea after a period of suppression aimed at pushing people toward banks. The distrust toward banks that resulted from the crackdown is driving people back toward informal networks, a source in Ryanggang province said Thursday. Broker-arranged transfers connecting Hyesan residents with people sending or receiving money inland are […] The post North Korea money-transfer brokers make a comeback …