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.
