From the newest “Show and Tell Pyongyang” blog

Narae allows electronic payment for goods and services to organizations accepting foreign currency.

‘Narae’ refers to the wings of a flying horse ‘Chollima’, which relentlessly hovers above in the sky.

Narae allows electronic payment for goods and services to organizations accepting foreign currency. The card can be used by Korean citizens and foreigners alike.

Currency exchange is automatic, translating the client’s foreign currency rate to North Korean won and credited as such in the statement.
On the card there are four groups of numbers, each containing four numbers. The first group means the