Black Market Contest Winner Announced!

We finally have a winner for the black market exchange rate contest! The contest, announced on March 16, was motivated by a friendly dispute between me and Steph Haggard as to whether sanctions associated with UNSCR 2270 would actually bite. The task was to predict the North Korean won to US dollar black market exchange rate in Pyongyang using the first Daily NK figure listed two months after the sanctions announcement on the theory that two months would be sufficient time to see if the sanction

Source: Peterson Institute (PIIE)