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North Korean won

File:1959-100won-1.jpg · Wikimedia Commons · See Wikimedia Commons

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North Korean won

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Official currency of the Democratic People's Republic of Korea

AI overview

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.

Wikidata facts

Country
North Korea
Image
1959-5won-2.jpg
Show 9 more facts
applies to jurisdiction
North Korea
unit symbol
₩
Commons category
Money of North Korea
central bank/issuer
Central Bank of the Democratic People's Republic of Korea
Revised Romanization
Joseon minjujuui inmin gonghwaguk won
McCune–Reischauer romanization
Chosŏn minjujuŭi inmin konghwakuk wŏn
start time
1947-12-06
currency sign
₩
price
0.0009
Sources (2)

via Wikidata · CC0

~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.

Gallery (4)

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