The North Korean authorities have decided to get rid of most of its gold reserves. Even the locked from the outside world totalitarian system could not resist the global financial crisis. The fragile world economy caused irreparable damage to the North Korean economy. Therefore, the government has decided to sell part of the gold reserves to China. International analysts believe such a move is a result of wide-scale problems; moreover, this step is completely contrary to the instructions of Kim Il Sung, who always appealed to never spend the nation's wealth. Observers suppose that these extreme measures clearly reflect the real economic situation in the country, which can be described as a crisis. According to the information provided by South Korea's intelligence, its "northern neighbor" holds nearly 2 million tons of the precious metal. The market value of these gold reserves is $800 million. Such a negative situation is simply understood — the United Nations closely monitors the nuclear arms race and blocks any money flows to finance the DPRK's nuclear program or missile technology. The organization has put many restrictions on North Korea, and after a nuclear weapons test in February, it imposed additional sanctions. Under this resolution, on December 5, Canada joined the economic blockade against North Korea. Let us recall that the rules apply even to diplomats despite their immunity. The watchdogs thouroughly track large amounts of capital, which the North Korean officials can transfer.
