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North Korean won
Sign in to saveOfficial currency of the Democratic People's Republic of Korea
The North Korean won is the official money used in North Korea for buying and selling goods and services. It matters because it's the currency that the country's economy relies on for all domestic transactions and financial dealings.
AI-generated from the Wikipedia summary — may contain errors.
~19 min read
Encyclopedic overview
The Korean People's won, more commonly known as the North Korean won (symbol: ₩; code: KPW; Korean: 조선 원) and sometimes known as the Democratic People's Republic of Korea won (Korean: 조선민주주의인민공화국 원), is the official currency of North Korea. It is subdivided into 100 chon. The currency is issued by the Central Bank of the Democratic People's Republic of Korea, based in the North Korean capital city of Pyongyang.
Etymology
Excerpted from Wikipedia’s “North Korean won” article, available under the CC BY-SA 4.0 licence.
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