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originally posted by: Cauliflower
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.
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.
originally posted by: NeoSpace
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.
originally posted by: Skyfloating
Many don't know it yet, but NK is History.