[4] However, the Soviet-controlled central bank failed to accomplish its objectives, being unable to meet its costs of operation, and its 100 million wŏn capitalisation proved to be insufficient,[6] and the North Korean Interim People's Committee opted to work mainly through the Farmers' Bank.

Simultaneously, control of the central bank was taken over from the Soviet forces by the North Korean government through its finance ministry.

[7] The consolidation reflected a return to the original objectives of the People's Committee, which desired tight control over the North Korean economy.

[9]: 10 In 2011 the Central Bank building was torn down to make way for the newly constructed Mansudae/Changjon Street Area in celebration of Kim Il Sung's 100th birthday anniversary.

The new site of the Central Bank building is located in the Ot'an-dong division of Chung-guyok.