Korea Currency

Won is the Korean currency, Won is considered as the national currency both in north and South Korea. In Korea Currency, one won is subdivided in to 100 chon. The Central Bank of the Democratic People's Republic of Korea issues the Won. Won has originated from the Japanese Yen and the Chinese Yuan.

On the month of November in the year 1947, in North Korea, Korean Yen got replaced by Korean Won. Korea currency, Won, in North Korea is meant exclusively for the citizens of North Korea. Like other socialist states, a separate Korean currency was issued by Bank of Trade specially for the visitors.

The North Korean Government, in the year 2001, derelicted the iconic rate of 2.16 won to dollar. The value of Korea currency as won is decreasing day by day due to the inflation.

North Korea currency and South Korea currency have different values altogether.

The coins that are circulated in North Korea as part of the Korea Currency are :

• 1 chon
• 5 chon
• 10 chon
• 50 chon

The bank notes that are in circulation in north Korea as a part of Korea Currency are :

• 1 Won
• 5 Won
• 10 Won
• 50 Won
• 100 Won
• 200 Won
• 500 Won
• 1000 Won
• 5000 Won

In the Korea Currency, there are two varieties of foreign certificates for the visitors. Foreign certificates that are red in color are meant for the visitors from the socialist countries where as the blue or green colored certificates are meant for visitors from capitalist countries.