Kim Jung sufering dementia
The revaluation replaces 1,000-won notes with 10-won notes but strictly limits the amount of old currency that can be exchanged, news reports said.According to two Web-based groups with sources in the North, that limit was set Monday at 100,000 won, which at current black-market rates amounts to $40. All North Korean currency that individuals possess in excess of that amount becomes worthless under the revaluation.
The exchange of old currency for new began Monday and will end Sunday, the news agency said, adding that the government did not explain why the revaluation had occurred.
South Korean officials said last month that North Korea appears to be on the brink of another severe food crisis, with stocks of food likely to run short by March.
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