The Fall in the Value of the North Korean Won

The Black-Market North Korean Won/U.S. Dollar Exchange Rate

0

1,000 North Korean Won/U.S. Dollar Exchange Rate (y-axis inverted)

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

Mar-10

May-10

May-11

May-12

Mar-13

May-13

Mar-11

Mar-12

Jan-10

Jan-11

Jan-12

Sep-09

Sep-12

Jan-13

Jul-09

Jul-10

Jul-11

Jul-12

Nov-09

Nov-10

Nov-11

Source: Daily NK. Prepared by: Prof. Steve H. Hanke, The Johns Hopkins University. Note: For purposes of illustrating the declining value of the North Korean won, relative to the U.S. dollar, the y-axis is inverted.

Nov-12

Sep-10

Sep-11

Jul-13