Tuesday, 1 December 2009

1000=10, North Korea's Aggressive Redenomination strikes at Inflation

N Korea is redenominating won currency according to NY times. Two zeroes are being removed from the nominal value of bills to fight inflation; 1,000 won notes are being exchanged for 10-won notes.

EURUSD 1.4998
GBPUSD 1.6523

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