4 dic. 2009

Caos monetario a Pyongyang/3.


Chosun Shinbo, the Chongryon (General Association of North Korean Residents in Japan) publication, made public images of the new bills and claimed that the “currency reform” is being done for the workers.
North Korean currency now features a 5,000, 2,000, 1,000, 500, 200, 100, 50, 10 and 5 won bill, plus a 1 won coin, and a 50, 10, 5 and 1 jeon coin.
On the front of the 5,000 won bill there is Kim Il Sung’s portrait, with Mangyongdae, Kim Il Sung’s birth place on the back. On the front of the 2,000 won lies Kim Jong Il’s alleged birth place, a log cabin on Mt. Baekdu, and Jong Il Peak, which is located behind the cabin, and on the back side is the top of Mt. Baekdu. Kim Jong Suk’s birth place in Hoiryeong is on the front of the 1,000 won, and on the back a lake, Samji, where Kim Il Sung and Kim Jong Il had a famous photo taken.
(New Denomination Images Unveiled)
In the three days since the start of the exchange, the authorities have changed the policy a number of times. First they planned to allow each household to exchange 100,000 won; 1,000 won in new denominations. Then they changed it to 150,000 won. Then they changed it again to 100,000 won, plus 50,000 won more per family member in a family of four. That is, a standard household can now exchange a maximum of 300,000 won.
Additionally, the authorities announced an extra new decree whereby one could put the rest of one’s money, which cannot be exchanged into new bills, in the bank.
(Endless Confusion from Bad Policy)

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