According to Daily NK reviews, the exchange rate with the U.S. In July 2020, the authorities announced that a suspected COVID-19 case had been reported in the city of Kaesong after a re-defector swam back to North Korea from Ganghwa Island in South Korea. During this period, dollarization rapidly accelerated, changing the North Korean received with the Chinese yuan or the us greenback. After the redenomination measure in November 2009, by which KPW a hundred under the old system were changed by KPW 1 under the model new measure, North Korea skilled a period of hyperinflation between early 2010 and late 2012. greenback skyrocketed from under KPW 1,000 to about KPW 9,000, and the value for a kilogram of rice rose from about KPW 500 to above KPW 6,500.
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