North Korea

North Korea has been hit by flooding again with a lot of devastation and hardship. The South Korean Red Cross has been providing some relief along with other organizations, but it is still very difficult. To make things more complicated, there are major changes occurring in the economy from wages replacing food distribution in some places to distribution centers selling food. There is also serious inflation in relation to Chinese currency and the price of rice. At the same time, the North Korean central bank has been trying very hard to gather foreign currency, even to selling rice for hard currency.
 
While we do see economic reforms under way, it is a very difficult time. We can probably expect to see more changes as the new leadership continues to establish itself and look for ways to improve the situation. Keep North Korea in your prayers as it goes through all these changes.