Inearly august 2002 the exact date is a state secret north, Ask an Expert

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Inearly August 2002 (the exact date is a state secret), North Korea reduced the official value of the won from $0.465 to $0.005.

a. by what percent did the won devalue?

b. following the initial devaluation. what further percentage devaluation would be necessary for the won to equal its black market value?

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9873143

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