North Korean wons
- North Korea, the Korean People's democratic Republic
North Korean wons
- of 120 540 sq. km
- Korean (state)
Paper notes have occurbed for the first time in Korea in XX century, in 1910 the first Korean denominations in nominal value have entered into the circulation 1 wons. After occupation of Korea by Japan by the basic monetary unit in the country there was a yen which on Korean sounded as "wons". At that time the yen made about one dollar or pound and was divided into coins of smaller nominal values which in Japan carried the "hay" name, and in Korea - "chon". The Central bank of Korea which was supervised by the Japanese colonial administration, attended to issue of the currency acting in Korea. In circulation there were denominations in nominal value 1, 5, 10 and 100. However it were colonial denominations, own token moneys have occurbed only in 1950
In 1945 the Soviet armies used money which were manufactured in the USSR. They represented notes of denomination 1, 5, 10 and 100 military issues.
In territory of the North Korea in a turn-over there are denominations in nominal value 5, 10, 50, 100, 200, 500, 1000, 2000, 5000. One North Korean wons makes 100 chon.
In 2009 in Northern Korea in the circulation the third series of notes is manufactured. The portrait of Kim Ir Sen is represented on face side of the note of the highest nominal value - 5000, on other denominations flowers, buildings, students, soldiers, various monuments in Northern Korea are represented.
The Third series of notes has been manufactured for an exchange of notes of the second series 1:100. Within a week North Koreans should interchange the savings at a rate of 150000 cash and 300000 in saving banks.
It is updated 04.2012