Great Confiscation Update

From the Daily NK:

A defector, who spoke with his family in North Hamkyung Province on Tuesday, reported the news to the Daily NK, “I called my family to send some money to them as I had heard they were in trouble, and they told me that the current situation is unspeakably terrible. They live only by bartering with others.

He explained further, “For now, state-designated prices are still not public, so people think that selling goods for cash now would mean making a loss. Therefore, bartering has become the main method of trading for the people.

That, and the fact that the value of the currency is plunging so fast that no one wants to hold it.

2 Comments

  1. well said osumashi.

    there was some research dude recently on nk even quoting bob marley:

    ‘them belly full but we hungry. a hungry mob is an angry mob…’




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