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In just half a year, the value of the North Korean won has plummeted against foreign currencies. The U.S. dollar now commands over 18,000 won, more than double its rate of six months ago ...

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

Highlights,KPW is the official ISO 4217 currency code for the North Korean Won.,It represents the national currency used for domestic transactions in North Korea.,The Won is tightly controlled by the ...

North Korean authorities have intensified their crackdown on unauthorized foreign currency trading, Daily NK has learned.

In 2017, domestic exchange Youbit went bankrupt after losing approximately 17 billion won worth of cryptocurrency in a hack. "State-sponsored North Korean ... terms of anti-money laundering ...