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North Korea is Selling Gold




The North Korean regime has sold over 2 tonnes of gold to China, according to a recently published article by Chosun.com.

It is not known exactly how much gold North Korea owns at this time.

The current sale of 2 tonnes brought them an income of over 100 million US dollars, which could slightly empower their economy.

"The Chosunilbo", the article provider also tells us that North Korea is believed to have 1,000 to 2,000 tonnes of gold deposits in their mines in the Pyongan and North Hwanghae provinces.

Currently, North Korea is believed to suffer from "runaway inflation". It is not known however, how the North Korean won trades to the US dollar or the Chinese yuan. According to some sources (mainly immigrants and travelers) the rate of the won per US dollar has multiplied (doubled several times) during the past 2-3 years.





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