North Korean won

The wŏn (sign: ₩; code: KPW) is the currency of North Korea. It is subdivided into 100 chŏn. The wŏn is issued by the Central Bank of the Democratic People's Republic of Korea. Wŏn is a cognate of the Chinese yuan and Japanese yen. The wŏn was subdivided into 100 chŏn (전; 錢; McCune-Reischauer: chŏn; Revised Romanization: jeon). The wŏn became the currency of North Korea on December 6, 1947, replacing the Korean yen that was still in circulation. ... more

The wŏn (sign: ₩; code: KPW) is the currency of North Korea. It is subdivided into 100 chŏn. The wŏn is issued by the Central Bank of the Democratic People's Republic of Korea. Wŏn is a cognate of the Chinese yuan and Japanese yen. The wŏn was subdivided into 100 chŏn (전; 錢; McCune-Reischauer: chŏn; Revised Romanization: jeon). The wŏn became the currency of North Korea on December 6, 1947, replacing the Korean yen that was still in circulation. It was revalued at a rate of one hundred to one in 1959. North Korean wŏn are intended exclusively for North Korean citizens, and the Bank of Trade (무역은행) issued a separate currency (or foreign exchange certificates) for visitors, like many other socialist states. However, North Korea made 2 varieties of foreign exchange certificates, one for visitors from "socialist countries" which were colored red, and the other for visitors from "capitalist countries" which were colored blue/green. In recent times, FECs have been largely depreciated in... less