Sanering Won

Shocked residents, who committed suicide There

North korea drastic policies do sanering or cutting Won currency, from 100 Won to 1, Won, causing the traders in the country's left-wing shock and despair. In fact, so panic, there are couples desperate suicide.
Shaken the merchants revealed a number of activists in Pyongyang. Reports about people who committed suicide refers to the news Daily NK, an online media that focus on various North Korean issues, but the media is based in Seoul, South Korea.
Couple who committed suicide were traders and were both 60 years old, residents of North Hamgyong province.
They are desperate suicide due to stress after hearing cuts won currency that, they shock, stress, and finally desperate suicide.
NK authorities told residents and foreign embassies in the day last week that the state has reduced the value of the won currency, from 100 won to 1 won, in effect since Monday. All parties were given the opportunity to exchange some money and securities up to this next week.
Yonhap News Agency in Seoul, South Korea, citing North Korea trade officials in China, say, residents felt panic everywhere. They flocked to invade black markets to exchange won the U.S. dollar and Yuan China. Currency value of U.S. dollar and soaring China Yuan Sharp.
All shops, businesses sauna, barber, and the restaurant stopped operating.

Lee Seung Yong, officers Good Friends, a civic group based in Seoul who used to send food and other aid to North Korea, said, "We heard the business and market activity there closed." He continued, "People do not have the money to develop their business.
God Friends also reported, authorities NK Authority has issued a serious warning. Authority will impose "punishment without mercy" (Merciless punihsment) to anyone who violates the rules of exchange. The government should give citizens limits money exchange at most only 100,000 won per person. As a result of cutting it, 100,000 won to be won 10:00.
If there are people who have money more than 100,000 won, the excess was only allowed to be stored in the Bank's state-owned banks. Should not be stored in a foreign bank or private bank. However, no detailed explanation if citizens are ready to open new accounts at the Bank government. Mass media in Pyongyang and Seoul reported, residents who do not comply with the provisions will be subject to "merciless punishment", however, not explain what concrete form that sentence.
Cutting value yan won so sharp-most dramatically in this 50-year-made for inflation and control black market activities. The analysts say, because it was not able to feed 24 million people, the ruling regime in the first turn on the markets, including markets to accommodate a variety of agricultural products have. The market may have encouraged the trade, but markets are also prohibited from trading in imported goods such as films and soap from the South Korean enemies.
Since the Korean war in 1950-1953, its neighbors, the carousel was branded as a threat to totalitarian power Kim Jong II. Largest wholesale market in Pyongyang, North Korea shut down since mid-June last. Analysts said the decline in value of the drastic currency is the form of the government's role to take over control of the national economy of the traders. "This step is taken to eradicate the players in the private sector and strengthen government control of the economy," said Jeong Kwang-min, researchers Institute of National Security Strategy in seoul. According to him, the move actually has a broader purpose, namely to prepare the way for Kim Jong II to hand over power to his youngest son, Kim Jong Un. Also to be sure, the father left a stable economy for his son. Kim suffered a stroke in August 2008 poem.
North Korea began to experience economic crisis since the collapse of the Soviet Union beginning in the 1990s, North Korea rely solely dunai assistance from outside. However, help is only given in exchange for North Korea to leave its nuclear program Hars.
lots of rock suspended and tighter international sanctions because Pyongyang refused internsional warning over its nuclear program. Trimming the value of the won occurs only a few days before the arrival of U.S. envoy to Pyongyang for the nuclear disarmament negotiations.