Currency Information on North Korean Won - KPW — north Korean won - ₩
The name ‘won’ is an amalgamation of the Chinese ‘yuan’ and Japanese ‘yen’, all of these are words which man ‘round’.
As North Korea is a socialist state, a separate currency is issued for visitors. North korea issue foreign exchange certificates for visitors, blue for non- socialist country visitors and the red for visitors from other socialist countries.
Coins are available in 1, 5, 10 and 50 chon, as well as 1, won. Banknotes are available in denominations of 5, 10, 50, 100, 200, 500, 1000, 2000 and 5000 won.
Given the current crisis in my country, I was forced to move abroad to find a better financial life. I’ve been living and working in a good UK job for two years now. Although my wife and children came with me I send money to my relatives in Greece very often. Every time I do so I make sure I'm getting a good currency exchange deal by checking online how to send money abroad at the best rates.
Comment written by Kostas Skordas Architect.
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