Secretive and cash-starved North Korea quietly sells off gold: report

North Korea has been secretly selling gold to make up for shortages of hard currency after it spent millions of dollars on celebrating the 100th birthday of its founder, a news report said on Tuesday.

The Chosun Ilbo daily quoted sources in China as saying that the impoverished communist state had cashed more than two tonnes of gold worth US$100 million in China over the past year.

via Business feed http://www.scmp.com/business/economy/article/1046765/secretive-and-cash-starved-north-korea-quietly-sells-gold-report