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North Korean Won sudden fall in value this month

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posted on Dec, 23 2017 @ 05:27 PM
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For the past 10 years 120 North Korean Won was worth $1 USD rising and falling by only around 20 Won then suddenly on December 4th 2017 it costs 900 NK Won for 1 USD.




Is this a sign of something about to happen, is the regime collapsing?

I just find it strange how North Korea's Won has been pretty stable for the past 10 years then suddenly this month it's taken a huge nose dive.
edit on 23-12-2017 by NeoSpace because: (no reason given)




posted on Dec, 23 2017 @ 05:29 PM
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well, there must be less demand for won.

did they get sanctioned by China?



posted on Dec, 23 2017 @ 05:34 PM
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a reply to: toysforadults

Not China, the UN.

Trump praised the UN decision.
I know, right?

Very funny.



posted on Dec, 23 2017 @ 05:54 PM
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a reply to: NeoSpace


The country has been hit with a number of sanctions with the latest round being passed a couple of days ago , that is likely the reason for the fall in their currency.



posted on Dec, 23 2017 @ 05:55 PM
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originally posted by: Hazardous1408
a reply to: toysforadults

Not China, the UN.

Trump praised the UN decision.
I know, right?

Very funny.

With China adding (supposedly) more export sanctions on NK
Like they had been adhering to the ones they already placed.

Did they mean it this time ?



posted on Dec, 23 2017 @ 06:28 PM
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Yep they're pissed...

www.foxnews.com...


edit on 23-12-2017 by ausername because: (no reason given)



posted on Dec, 23 2017 @ 06:39 PM
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Many don't know it yet, but NK is History.



posted on Dec, 23 2017 @ 06:43 PM
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a reply to: Skyfloating

What if they choose not to go quietly?



posted on Dec, 23 2017 @ 06:55 PM
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OK, what is this.
In Japan the north koreans are allowed to wire 100 dollars to North Korea, so what does this mean. Actually they can legally wire or send 10000 yen per day.



posted on Dec, 23 2017 @ 06:59 PM
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a reply to: ausername

I'll bet North Korea won't go out quietly, they could even use a tactical nuke if we were to invade, they are crazy.



posted on Dec, 23 2017 @ 07:06 PM
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originally posted by: ausername
a reply to: Skyfloating

What if they choose not to go quietly?



I hope the puppet regime will be taken out, while the population they hold hostage, will remain untouched.



posted on Dec, 23 2017 @ 07:08 PM
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I sure hope Darkbake is right and they do collapse. The PRC understands that the US and South Korea will go after their nukes in this case and then withdraw south of the 38th. It sure beats the alternative of war. My best,



posted on Dec, 23 2017 @ 07:30 PM
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originally posted by: darkbake
a reply to: ausername

I'll bet North Korea won't go out quietly, they could even use a tactical nuke if we were to invade, they are crazy.


Where would they get that from?



posted on Dec, 23 2017 @ 08:04 PM
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originally posted by: Skyfloating
Many don't know it yet, but NK is History.


Welcome back, SF.
Haven’t seen you around for a long while (or at least posting, you may have been lurking still).


You could be right.

Personally I’m not so sure the Elite who currently have a stranglehold on our planet’s future are ready to discard their favourite little rogue state just yet.

In my data gathering I haven’t seen anything to suggest it is in their immediate plans.

In fact, this latest round of extreme sanctions leads me to believe they’re absolutely trying to prevent any military intervention or planning.

I imagine any proposed UN resolution for permission for war would be rejected almost unanimously.
At least in the present, and likely long term future too.

I guess maybe Kim could outlive his usefulness... just like Mugabe.
But just like the Mugabe replacement, any change in DPRK will likely not change the countries purpose that drastically.



I guess I should have really asked you what you meant by “History”, as some of the above may already resonate with you and I’m just preaching to the choir.


Try and stick around, you may have noticed that rational and intelligent input is rare nowadays and we could do without losing you in that regard.
That is of course very understandable if it’s the real world issues that lead to an absence.




posted on Dec, 23 2017 @ 08:21 PM
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originally posted by: Hazardous1408


Welcome back, SF.
Haven’t seen you around for a long while (or at least posting, you may have been lurking still).


I havent looked at ATS for many years. Just returned recently, because there is finally a genuine conspiracy and evidence for it afoot (Qanon).

As for NK: The whole state is so fake. Everything about it is fake...the "accomplishments" of Kim, some of the weaponry is fake, many of the stores are fake, there are even fake towns. It is therefore not too crazy to assume that the entire nation is fake...a puppet state, steered by an outside entity who is holding the Koreans hostage. This outside entity might be China, might be Russia, might be Japan, might be the CIA, might be the Cabal...we'll find out one fine day.



posted on Dec, 23 2017 @ 08:33 PM
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A little strange the sudden currency reset didn't make the news back at the beginning of the month?
Seven fold currency devaluations have global implications including higher than normal investment levels in precious metals, foreign stocks, and currencies even Bitcoin.
You would think maybe an ally nation might write up something in RT or a Chinese publication?



posted on Dec, 23 2017 @ 08:39 PM
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a reply to: NeoSpace

The Won is not Winning.

That's a huge jump.

I'm surprised it was on par with the Yen, in the first place.






posted on Dec, 23 2017 @ 08:53 PM
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Is NK money even on the world market?



posted on Dec, 23 2017 @ 08:54 PM
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Less export weakened their currency. I'm not sure if they can't simply print more money without caring about inflation. Who would find out?



posted on Dec, 23 2017 @ 09:02 PM
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a reply to: Xtrozero

I'm a little slow tonight thinking that this was a free market revaluation.

According to this article there was free trade even with the west.

www.marketwatch.com...

Could be that the NK government purposely devalued the national currency/debt repayment?
Pursue a policy of isolationism for a few years or be accused of trying to destroy the world with nukes like the Germans after Wiemar.




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