via Kevin Drum,
North Korea after a disastrous currency revaluation:
North Korea after a disastrous currency revaluation:
One North Korean woman interviewed said common laborers under the new system were making about 2,500 won per month, barely more than $1 at the new exchange rates prevailing on the black market. Cooking oil is a luxury, so unaffordable that people buy only a few grams at a time in small plastic bags.I imagine it's not all fast cars and caviar for the Canola dealer.
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