New N.Korean bank service offers up to 11% interest rates



Evergreen New N.Korean bank service offers up to 11% interest rates Economists suggest new service may be representative of hyper inflation or even a scam June 1, 2016 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON DPRK 360 A new North Korean advertisement says the Jinmyong Joint Bank will offer up to an 11 percent annual interest rate for its customers, a picture taken last week at May’s Pyongyang International Trade Fair event has shown. The new service, captured by visiting Singaporean photographer Aram Pan at the DPRK 360 website, would represent a noteworthy development in the DPRK banking sector if true. “The electronic savings card is available for both domestic and international payments. Wire transfers and savings available from overseas,” the advertisement reads. The lower part of the advert Read More © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. LATEST ANALYSIS 01North Korea prioritizes shipyard construction as major naval base project stalls 02North Korea heralds naval revolution with launch of impressive new destroyer 03How secret North Korean customs rules lay bare a bizarre trade regime 04Elite absences hint at a North Korean power struggle ahead of party congress 05With Yoon’s exit, South Korea faces critical choices on North Korea strategy 06Tools of the trade: How North Korea launders billions in stolen cryptocurrency 07North Korea’s ‘new’ sniper rifle likely Austrian import or copy: Analysis 08North Korean ICBM factory upgrade project resumes, expands: Imagery

Evergreen

New N.Korean bank service offers up to 11% interest rates

Economists suggest new service may be representative of hyper inflation or even a scam

June 1, 2016

New N.Korean bank service offers up to 11% interest rates

DPRK 360

A new North Korean advertisement says the Jinmyong Joint Bank will offer up to an 11 percent annual interest rate for its customers, a picture taken last week at May’s Pyongyang International Trade Fair event has shown.

The new service, captured by visiting Singaporean photographer Aram Pan at the DPRK 360 website, would represent a noteworthy development in the DPRK banking sector if true.

“The electronic savings card is available for both domestic and international payments. Wire transfers and savings available from overseas,” the advertisement reads.

The lower part of the advert

01North Korea prioritizes shipyard construction as major naval base project stalls
02North Korea heralds naval revolution with launch of impressive new destroyer
03How secret North Korean customs rules lay bare a bizarre trade regime
04Elite absences hint at a North Korean power struggle ahead of party congress
05With Yoon’s exit, South Korea faces critical choices on North Korea strategy
06Tools of the trade: How North Korea launders billions in stolen cryptocurrency
07North Korea’s ‘new’ sniper rifle likely Austrian import or copy: Analysis
08North Korean ICBM factory upgrade project resumes, expands: Imagery

New N.Korean bank service offers up to 11% interest rates

LATEST ANALYSIS

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