North Korea shuns dollar, welcomes euro

- By FX Markets Staff
- @FXMarkets_
- 02 Dec 2002

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

China’s Xinhua news agency reported that foreign exchange banks, international institutions and other FX services would receive no US dollars from the state-owned Korea Trade Bank from the start of this month.

North Koreans and foreigners will have to convert dollar accounts into euros or other currencies. Any individuals who fail to declare dollar holdings will have their accounts switched automatically, the bank said.

The US halted oil shipments to North Korea following the Asian nation’s

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@fx-markets.com

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@fx-markets.com