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North Korea’s soaring exchange rates crush small merchants while enriching the wealthy

HomeNewsNorth Korea’s soaring exchange rates crush small merchants while...

Small-scale merchants in North Korean markets who conduct business in local currency say life has become “exhausting” as the country’s internal exchange rates have skyrocketed. Meanwhile, some North Koreans have actually benefited from the soaring rates, deepening economic inequality across the country. According to a Daily NK source in North Pyongan province, as North Korea’s internal exchange…

Source

September 05, 2025 at 04:19PM

by DailyNK(North Korean Media)

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