North Korean Won (KPW) Profile
Currency name:
North Korean won KPW converter to world currencies »
Currency code:
Currency symbol:
₩
Subunit:
1/100, chon (전/錢)
Coins freq used:
₩1, 1 chon, 5 chon, 10 chon, 50 chon
Coins rarely used:
Banknotes freq used:
₩5, ₩10, ₩50, ₩100, ₩200, ₩500, ₩1000, ₩2000, ₩5000
Banknotes rarely used:
Central bank:
Central Bank of the Democratic People's Republic of Korea
Currency users:
Currency notes:
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Currency user map:
Users:
The North Korean Won (KPW) is the official currency of North Korea. It is the legal tender used for all transactions within the country.
History:
The North Korean Won was first introduced in December 1947, replacing the Korean yen, which was used during the colonial period of Korea.
North Korea has a centralized economic system, and the value of the won is managed and controlled by the government.
Coins and Banknotes:
The North Korean Won is subdivided into 100 chon, although chon coins are not commonly used due to their low value.
Coins:
Coins currently in circulation are 1, 5, 10, and 50 chon, as well as 1, 5, and 10 won.
Banknotes:
The most commonly used banknotes are 5, 10, 50, 100, 200, 500, 1000, 2000, and 5000 won.
Each banknote typically features important political figures, landmarks, and symbols of North Korea.