Golden Triangle Bank

Golden Triangle Bank / 황금의 삼각주은행 / 金三角银行

The Golden Triangle Bank is the primary bank of the Rason Special Economic Zone. Exchanges rates here are at local market exchange rates of 8,000KPW/US$1 instead of the usual 100KPW/US$1. The exchange rates here are also much better than in Pyongyang.

황금의 삼각주은행은 라선특별경제구역의 전문은행입니다. 이곳의 환율은 지역 시장의 환율과 같은 1 미달러당 8,000원입니다. 보통 1달러당 100원 정도 합니다. 이 환율은 평양에서 보다도 훨씬 후한 환율입니다.

Because Rason is a ‘Special Economic Zone’, you’ll find Chinese and Russians businessmen making transactions here. The most popular currency is the US dollar, followed by the Euro Dollar, then the Chinese Renminbi. The locals told me the Russian Ruble had a big slide in 2014 so it’s not really popular anymore.

라선은 ‘특별경제구역’이기 때문에 중국과 러시아의 사업가들이 송금업무를 하는 것을 쉽게 볼 수 있습니다. 가장 많은 거래 화폐는 미달러 그리고 유로화, 그리고 중국 인민폐 순입니다. 러시아의 루블화는 2014년 큰 하락 이후로 요즘에는 거래가 거의 없다고 합니다.

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Tourists who are brought here are sometimes told by their foreign tour leaders they can “open a North Korean bank account” and get a Money Card. The fact is that tourists are merely buying an electronic stored-money card. This particular E-money card can only be used within the Rason Special Economic Zone and it will not work elsewhere in North Korea. There are other E-money cards like ‘Koryo Link’ & ‘Jonsung Cards’ that work for the rest of North Korea.

이곳을 방문하는 관광객들은 다른 외국인 관광 가이드로부터 북한 은행계좌를 열고 현금카드를 지급해주겠다고 하는 제안을 종종 받곤 합니다. 이 E-머니 카드는 라선특별경제구역에서만 사용이 가능하고 북한의 다른 지역에서는 사용할 수 없습니다. 다른 E-머니카드들, 예를 들면 ‘고려링크’나 ‘전승카드’는, 북한의 다른 지역에서도 사용이 가능합니다.

Getting my electronic stored-value card.
적립식 카드를 발급받았습니다

Here’s a closer look at the electronic stored-value card. The English translation at the back of the card is:

Notice for the card users.

1. Do not bend it or place it near electric devices.
2. Report to the bank immediately when lost.
3. Keep away from sharp objects to prevent damages on the card.
4. When the passcode is disclosed, change it immediately.

Democratic People’s Republic of Korea
Golden Triangle Bank

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