North Korea: the most expensive place in the world? | NK News
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September 22, 2026Sep 22, 2026

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North Korea: the most expensive place in the world?

Hong Kong visitor gets lost in (currency) translation

How much is a small bun in North Korea? The price tag says 2,000 North Korean won.

That translates to about U.S.$20 or 133 yuan at the official exchange rate, making the isolated country the most expensive place to live.

Once, a friend of mine sneaked out of Yanggakdo Island outside Pyongyang (foreigners are required by their minders to stay put once on the island) under cover of darkness and bought a bun. He gave the salesman 10 yuan and received an 11,000 won change.

When I went to Pyongyang during the Easter holiday, I ended up having to solve the currency