February 20, 2020

Losing face: Explaining Pyongyang’s currency change
Why North Korea revamping its 5,000-won bill is not like 2009’s debacle
This week, North Korea’s central bank began replacing the country’s highest denomination currency unit: the 5,000 won. After paying visits to the Korean Central Bank to make their own exchanges, Daily NK sources in the borderland confirmed the appearance of the replacement bill: On the front, an image of the house at Mangyongdae in Pyongyang where the government claims, seemingly falsely, that