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| China-Japan-Koreas |
| N. Korea redenominates currency for 1st time in 17 years |
| 2009-12-02 |
| [Kyodo: Korea] North Korea has redenominated its currency, the won, for the first time in 17 years, with the exchange rate between the old and new bills at 100 to 1, diplomatic sources and news reports said Tuesday. The North Korean Foreign Ministry notified foreign diplomats based in Pyongyang of the matter at a meeting Tuesday morning. But the ministry did not explain the reason for the step, the sources said. |
| Posted by:Fred |
| #1 Seems fairly Obvious. Zimbabwe two, coming very soon. |
| Posted by: Redneck Jim 2009-12-02 11:55 |