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.
We are an international business and work with companies around the world, especially California in the US and Australia. Our providers are based in different countries so we need to be constantly up to date about the current foreign exchange rates. Otherwise, we would be wasting money during the currency transfer process and obviously this is not what a business wants.
Comment written by Victoria Brown Wine Industry.
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