Free Republic

/begin my translation N. Korea: Two Executed by Firing Squad for Using Others to Swap Old Bills for New 2009.12.08 09:24 There is a report that two businessmen were executed by firing squad, which was carried out off the public view. They tried to get around (strict) rules for currency swapping. Quoting its source inside N. Korea, Open Radio for N. Korea, which broadcasts into N. Korea, reported on Dec. 7 that two businessmen in the city of Pyongsung, who had old bills totaling 11 million Won(N. Korean currency unit) from their sales, tried to convert them into new bills...

NKoreans burn bills in anger over currency reform By KWANG-TAE KIM (AP) – 1 hour ago SEOUL, South Korea — North Koreans set piles of old bills alight in anger over their government's surprise move to redenominate the national currency, a report said, a sign of growing frustration among citizens left with hoards of worthless bills. On Monday, the communist government informed citizens and foreign embassies that it would redenominate the national currency, the won. But it limited the maximum amount of old bills that could be converted into new ones, telling residents to deposit the rest in government-run banks,...