Story perspectives
North Korea Bans Foreign Currency, Tightens Trade Control
11/13/2025
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Story summary
- North Korea amended its Labor Wages Act to ban payments in foreign currency and require cash, with penalties for violations, effective from May.
- North Korea recalled trade representatives from China to bolster foreign currency earnings ahead of the Ninth Party Congress, disrupting existing business relationships.
- The regime intensified indoctrination, portraying North Korea as fully independent and suppressing talk of unification with South Korea.
