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Worst nightmare come true. Infinite inflation in an instance.
http://www.idnforums.com/forums/show...d=1#post145913
http://www.idnforums.com/forums/show...d=1#post145913
Anger over N.Korea's shock currency change
By Jun Kwanwoo (AFP) – 6 hours ago
SEOUL — North Korea's shock currency revaluation has sparked anger and frustration in the isolated communist state as citizens see much of their savings wiped out, reports and observers said Wednesday.
Analysts said authorities initially limited the total sum that an individual can exchange for new currency to 100,000 won.
Because of widespread protests, the limit was raised to 150,000 won in cash and 300,000 won in bank savings, according to DailyNK, an online newspaper with informants in the North.
The official exchange rate is 135 won to the dollar but the current black market rate is between 2,000 and 3,000.
By Jun Kwanwoo (AFP) – 6 hours ago
SEOUL — North Korea's shock currency revaluation has sparked anger and frustration in the isolated communist state as citizens see much of their savings wiped out, reports and observers said Wednesday.
Analysts said authorities initially limited the total sum that an individual can exchange for new currency to 100,000 won.
Because of widespread protests, the limit was raised to 150,000 won in cash and 300,000 won in bank savings, according to DailyNK, an online newspaper with informants in the North.
The official exchange rate is 135 won to the dollar but the current black market rate is between 2,000 and 3,000.