Research and Analysis on the DPRK Leadership
Daily NK reports that the DPRK “has revalued and replaced its national currency.” Northeast Asia Matters carries the complete English variant of the article, as well as the Korean version of the article. Northeast Asia Matters notes “One thing the Korean version mentions that the English version above does not is that the Ministry of People’s Security is on full alert to watch the people’s reactions and control any “problems” associated with the issuance of new money.”
That MPS may be on “full alert” may have been a policy Kim Jong-il brought with his guidance when he inspected the MPS headquarters last week. General-Secretary Kim may have also provided Minister of Public Security, Gen. Ju Sang-song, a gentle reminder about the new North Korean currency policy during his inspection tour of the Taedonggang Combined Fruit Farm over the weekend. The Taedonggang Combined Fruit Farm was constructed and under the direction of the Ministry of Public Security.