North Korea is so short on money it's selling its much-needed electricity to China

ED JONES/AFP/Getty Images

• China is buying electricity from North Korea and will reportedly pay between $60,000 and $100,000 a month.
• North Korea has persistent power shortages and much of the country plunges into darkness at nighttime.
• Selling its much-needed electricity indicates sanctions are hurting North Korea's cash reserves.

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Despite persistent power shortages, North Korea is reportedly selling electricity to China for cash.

The deal, which reportedly began on February 9, will see China pay between $60,000 and $100,000 a month for power generated by a hydroelectric dam close to the border between the two countries, according to Seoul-based news outlet Daily NK.

See the rest of the story at Business Insider

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