Thursday, November 11, 2010

How Large Is The North Korean Regime's Slush Fund?

Photo: A copy obtained by the Chosun Ilbo of a purported certificate saying North Korean regime founder Kim Il-sung deposited $62.87 billion in the Bank of China in 1967

The Tangled Web of the N.Korean Regime's Slush Funds -- Chosun Ilbo

The Chosun Ilbo has obtained a copy of a savings certificate purportedly showing that North Korean regime founder Kim Il-sung deposited US$62.87 billion in the Bank of China.

The faded BOC savings certificate obtained from a North Korean source bears the name of the account holder (MR. KIM IL SUNG) and the amount of the deposit in account No. 209788 C.F 729398 on March 11, 1967.

Read more ....

My Comment: I doubt that North Korea had US$62.87 billion in 1967. In fact .... I doubt they have even have a fraction of that amount today. But if there should ever be a concerted effort to undermine the North Korean regime, the way to do it will be through the choking of its money transfers. But China's cooperation will be needed .... and for the moment they have little if any interest to cooperate.

No comments: