North Korea
Inflation, weak currency weigh on N.K.
July 22, 2012
Unusual data attributed to costly political events, hoarding supplies, point to further decline of N.K. economyNorth Korea’s rice prices and currency exchange rates have sharply risen in recent months, data showed Sunday, threatening its already crumbling economy. According to Daily NK, a specialized online news outlet, the price of rice in Pyongyang more than doubled from 2,600 North Korean won a kilogram on April 25 to 5,300 won on July 13.The prices also maintained an upward slide in two othe