North Korea (DPRK)

    Premier Kim Yong Il has apologized for inflation caused by last year’s currency revaluation and vowed to better feed the country’s 24 million population, a Seoul-based rights group said. Kim acknowledged the state prices for goods were wrongly set after the currency revaluation in December, causing “confusion and unrest,” Good Friends said on its Web site. Kim’s comments were made at a recent meeting with key officials in Pyongyang, said the group, which says it obtains information by contacting people in North Korea. The report is the latest to suggest unintended fallout from the totalitarian regime’s currency revaluation, which reportedly stoked inflation and caused shortages of goods. (Bloomberg)

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