Report: North Korean executed over currency reform

Mar 18th, 2010 - Washington Post

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SEOUL, South Korea -- North Korea executed a former senior official last week as punishment for the country's botched currency reform, a news report said Thursday.

In November, North Korea redenominated its currency as part of efforts to lower inflation and reassert control over the country's nascent market economy. However, the measure reportedly worsened the country's food situation by forcing the closure of markets and sparked anger among many North Koreans left with piles of worthless bills.

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