North Korea shuns dollar, welcomes euro

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 [email protected] or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: