This article is about the official currency of North Korea. For the official currency of South Korea (ISO 4217 code KRW), see South Korean won.
Not to be confused with the Korean won, the official currency of the Korean Empire.
North Korean won
ISO 4217
Code
KPW (numeric: 408)
Subunit
0.01
Unit
Symbol
₩
Denominations
Subunit
1⁄100
chon (전 / 錢)
Banknotes
Freq. used
₩100, ₩200, ₩500, ₩1000, ₩2000, ₩5000[1]
Rarely used
₩5, ₩10, ₩50
Coins
Rarely used
1, 5, 10, 50 chon; ₩1[2]
Demographics
User(s)
North Korea
Issuance
Central bank
Central Bank of the Democratic People's Republic of Korea
Democratic People's Republic of Korea won
Chosŏn'gŭl
조선민주주의인민공화국 원
Hancha
朝鮮民主主義人民共和國 圓
Revised Romanization
Joseon minjujuui inmin gonghwaguk won
McCune–Reischauer
Chosŏn minjujuŭi inmin konghwakuk wŏn
Korean People's won
Chosŏn'gŭl
조선 인민 원
Hancha
朝鮮 人民 圓
Revised Romanization
Joseon-inmin won
McCune–Reischauer
Chosŏn-inmin wŏn
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.
^North Korea revalues and replaces currency Archived 17 September 2011 at the Wayback Machine. BanknoteNews.com. 4 December 2009.
^북한의 새로 발행된 화폐들 (in Korean). ccdailynews.com. 4 December 2009. Archived from the original on 11 September 2011. Retrieved 5 December 2009.
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