As a step to control inflation and other economic hardships , North Korea has annonced its decision to establish a new currency system. 1000 wons corresponds to 10 new currency as per the sources said. This can lead on to a wipe of savings especially of the common people. The newly taken decision has made a havoc among the local people and the government has announced exchange of old currency with new one effective for a few days.
However the currency conversion is also limited , that is 100000 wons per person which come around 440 $ . As the Pyongyang government wants to put a control over formalized.
