DPRK REVALUES !

DPRK REVALUES !
As of November 30th the DPRK has revalued the DPRK Won which is the national currency to the DPRK.1 Won = 100 chon.The new Won is worth 100 old won.

Both the Western imperialist media and south Korean puppets are maligantly slandering the DPRK The Won’s revaluation is overwhelmingly positive.In fact it is a dramatic and radical measure by the DPRK government which always put the people first.Prices will be reduced 100 fold.It will strengthen the DPRK’s socialist monetary and financial system and prevent
too much money from being in circulation.It strengthens the DPRK ’s currency by giving the Won increased purchasing power against the dollar and Euro.Also the circulation of non DPRK currencies in the DPRK will now cease.Thus currency sovereignity will be increased by this measure.It deals a blow to those who want the DPRK to “open up” and “reform” in some way.

There is no chaos contrary to false reports in the south Korean media.People are allowed to exchange their old Won for New Won.An upper limit has been placed on the amount people can exchange this will only hit hoarders and speculators.

One DPRK official quoted in the "Choson Sinbo" newspaper of Japan said that the DPRK will never adopt the free market system and that the DPRK will maintain the socialist principle in economic management.

Jo Sung Hyon of the DPRK Central Bank further explained

"Because the economy has stepped onto a healthy track, the DPRK has the
ability to revaluate the currency, Jo said.

The revaluation of the DPRK won would also boost the use of modern ways of money printing and "improve the ideological and artistic content" of the won" also he said "The move will "give favored treatment to those who make earnings by their honest labor," so it was "welcomed and supported" by the majority of workers, farmers and public officers"