News Snapshot:
New Delhi: North Korea has begun confiscating yuan and dollars from citizens by stopping them on the street for random searches, sources in the country told Radio Free Asia. The move of Korean authorities came almost a month after the country banned foreign currency. According to reports, residents have been ordered to exchange their foreign currency for the domestic won, but they prefer Chinese and U.S. currency because it is considered to be more stable. In recent years, the North Korean government has intensified efforts to collect foreign currency held by its citizens. “Some are wondering if the opening of...
