North Korean surprise currency revaluation
N. Koreans recoil over Kim’s bid to limit wealth
Outrage, riot pressure Pyongyang to amend its confiscatory policy
SEOUL, South Korea - North Korean leader Kim Jong Il moved early this month to wipe out much of the wealth earned in the past decade in his country's private markets. As part of a surprise currency revaluation, the government sharply restricted the amount of old bills that could be traded for new and made it illegal for citizens to have more than $40 worth of local currency.
http://www.msnbc.msn.com
N. Koreans recoil over Kim’s bid to limit wealth
Outrage, riot pressure Pyongyang to amend its confiscatory policy
SEOUL, South Korea - North Korean leader Kim Jong Il moved early this month to wipe out much of the wealth earned in the past decade in his country's private markets. As part of a surprise currency revaluation, the government sharply restricted the amount of old bills that could be traded for new and made it illegal for citizens to have more than $40 worth of local currency.
http://www.msnbc.msn.com