Interest rates at North Korean Banks

At our August workshop on entrepreneurship in real estate, we came across a banking brochure in our hotel in the DPRK. The bank offers fixed deposit interest rates of 7-12% annualized for a range of foreign currencies including US Dollars, Euros and Chinese Yuan. We do not know in practice how this would work since we never visited the bank, and Koreans we talked to seemed skeptical about getting money back from banks.


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