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N. Korea revalues currency for first time in 17 yrs: sources

Posted on 01 December 2009

From Yonhap: North Korea has sharply raised the value of its currency, its first such move in 17 years, in an apparent bid to tackle inflation and curb black market trading, sources said Tuesday.
North Korean sources who engage in trade with China in the eastern Chinese city of Shenyang told Yonhap News Agency that the North Korean government implemented the currency reform as of 11 a.m. Monday and the exchange for the new currency began at 2 p.m…………………………….Full Article: Source

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