North Korea!

[NOWHARD Banned Find all posts View Profile Close NOWHARD]

I understand your question now. Nations can't trade one currency for a nother, because the action will implictly devalue the nation with the weaker currency, and vice versa. To circumvent this, there needs to be a medium of exchange, this usually takes the form of treasury bills or increased trade.

For example, North Korea aquires stronger western backed currencies like the euro, the swiss franc and the dollar, as well as physical gold by selling meth out of it's embassies abroad, by conducting tours to forigners (and having them use dollars or euros for trade) or by sending slave labor abroad to nations like Mexico, Russia, Monogolia, and Senegal.

But if they was looking to exchange say for dollars, they would be doing that through the back door and very undercover somewhere and not through the front door, as they would not want to do it that way where the USA would know what was going on, as it would be all very hush hush, your find NK would only do it that way and in small amounts, and that could be going on all the time so there would be a build up.

Get the picture.

But if you think back to 2008 and before there was billions of cash for all denominations flowing into America, yet know one seemed to care till the shit hit the fan.

NOWHARD MOTM

[dhusky Senior Member Find all posts View Profile Close dhusky]

That's exactly how north korea exchanges money. They are a state producer of meth and they sell slave labor in order to aquire forigen currency. They have a fairly small reserve of forigen currency ~10B-40B, but given that their gdp is only 10B per year it's significant revelant to them.

How North Korea makes its money: Coal, forced labor and hacking - Apr. 5, 2017