North Korea Implements 100 to 1 Reverse Split on Currency
December 2nd, 2009When a medium of exchange isn’t tied to anything but the whims of psychopaths, this kind of thing is the inevitable result.
Thank you, Dear Leader.
Via: Telegraph:
In an alleged bid to curb inflation and suppress its growing black market, North Korea implemented a currency revaluation on Monday, according to Yonhap, the South Korean news agency.
The exchange rate between old and new currencies is 100 to 1, with the old denomination of 1,000 won notes being replaced by 10 won notes.
Research Credit: Lagavulin
as goes north korea so goes the world..will be the new saying in 2010!