By what percent did the won devalue

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Reference no: EM13293815

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?

Reference no: EM13293815

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