Fri, 04 Dec 2009

North Korea admits drastic currency reform, is silent on protests

If they're protesting in the streets in North Korea, it's pretty bad indeed. Could this be the beginning of the end of the Hermit Kingdom?

Reports of protest, violence emerged from North Korea after a drastic currency reform that sets an exchange rate of 1,000 old to 1 new . A North Korean paper in Japan confirmed the reform.

(link) [Christian Science Monitor]

Update:Here's the BBC's take.

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