North Korea

North Korea devalues currency as reforms continue

New currency exchange offices have been set up in various areas of the North Korean capital Pyongyang, according to Reuters. The offices are manned by central bank personnel, sources knowledgeable about the country said. North Korea began exchanging the…

China to advise North Korean central bankers

UK - North Korea has sent a delegation of central bank officials to study China's financial system and commercial banking in one of the first signs that Pyongyang may be considering much needed financial reform.

N Korea to take Chinese approach to development

Lim Dong-won, director of North Korea's National Intelligence Service said on Feb 20 that the communist government would pursue a Chinese-style policy of separating politics from economy to introduce a market economy, while maintaining the socialist…

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