Feature

North Korea has redenominated its national...

An official in the Russian embassy in Pyongyang said the North Korean Foreign Ministry has notified foreign embassies that old notes must be exchanged by December 6, with 1,000-won notes being replaced with 10-won notes.

South Korean news agency Yonhap reported that the sudden revaluation has shocked the local market, prompting a rush of people seeking to convert their money to Chinese yuan or U.S. dollars on the black market.

"Many citizens in Pyongyang were taken aback and in confusion. Those who were worried about their hidden assets rushed to the black market to exchange them with yuan or U.S. dollars. The yuan and the dollar jumped," Yonhap quoted a North Korean trader with China as saying.

MOSCOW, December 1 (RIA Novosti)




Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):
Categories

moscow forums

Around Moscow
Arts & Entertainment
Sports
Feature
Nightlife
Business
Columnists
Politics
News
Ask the experts
Exhibitions
Real Estate
Popular Articles
Russian President Dmitry Medvedev pledged...

Russian President Dmitry Medvedev pledged support to Pakistan, which has seen a series of deadly suicide bombings in recent months, in its efforts to fight terrorism, the Kremlin reported on Saturday.


Aeroflot has signed a deal with a top Russian...

Aeroflot has signed a deal with a top Russian mobile operator to set up cell phone services on board its aircraft, Russia"s flagship airline said in a statement on Thursday.


A smell of char was the reason for a Washington-Moscow...

A smell of char was the reason for a Washington-Moscow passenger airliner emergency landing in Azores earlier in the week, a spokeswoman for United Airlines said.

© Copyright 2009