North Korea’s Central Bank: lender, regulator, and inflation fighter
Relatively unimportant before marketization, the Central Bank's rise reflects the increasing power of money in the DPRK
One of North Korea’s major structural issues is its banking and financial system. Still officially committed to state socialism, finance has long been neglected within an institutional framework that prioritizes material over monetary flows, and gross supply over fiscal transfers.
However, North Korea is an increasingly marketized economy, and the Central Bank’s role in the economy increasingly reflects these new institutional realities, as official sources demonstrate.
This article is based on a North Korean book published on the Central Bank’s role in North Korean banking that was released back in March of
- 01Expanding Japan-linked mall, online shop in Pyongyang targets “modern tastes”
- 02Why mum? Explaining North Korea’s continued silence on foreign policy
- 03North Korean official claims about child nutrition: what the data shows
- 04North Korea moves to prevent the spread of coronavirus: what we know so far
- 05Timeline: from the “head-on breakthrough battle” policy to the novel coronavirus
- 06North Korea in January 2020: a month in review and what’s ahead
- 07How foreign media is changing the ways North Koreans view the outside world
- 08What to expect at a potential North Korean military parade next month