The won (sign: ₩; code: KPW) is the currency of North Korea (Democratic People's Republic of Korea). It is subdivided into 100 chon. The won is issued by the Central Bank of the Democratic People's Republic of Korea. One hundred North Korean won (as of December 30th, 2011) is equal to 854 South Korean won or about US$0.74.
Won is a cognate of the Chinese yuan and Japanese yen. All three names derive from the Chinese character 圓(원), which means "r...
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The won (sign: ₩; code: KPW) is the currency of North Korea (Democratic People's Republic of Korea). It is subdivided into 100 chon. The won is issued by the Central Bank of the Democratic People's Republic of Korea. One hundred North Korean won (as of December 30th, 2011) is equal to 854 South Korean won or about US$0.74.
Won is a cognate of the Chinese yuan and Japanese yen. All three names derive from the Chinese character 圓(원), which means "round shape." The won is subdivided into 100 chon (전; 錢; McCune-Reischauer: chŏn; Revised Romanization: jeon).
The won became the currency of North Korea on December 6, 1947, replacing the Korean yen that was still in circulation.
North Korean won 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 two varieties of foreign exchange certificates, one for visitors from "socialist...
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