KPW


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KPW

The ISO 4217 currency code for the North Korean Won.

KPW

ISO 4217 code for the North Korean won. It was introduced in 1947, replacing the Korean yen. For some period of time before 2001, it was pegged to the U.S. dollar at a rate of 2.16 won to one dollar, but this has been re-adjusted as the won's black market value was nowhere near the peg. The won is an inconvertible currency. Visitors must use foreign exchange certificates in North Korea officially, but many vendors simply accept foreign currencies.
References in periodicals archive ?
The film showed that a majority of the products on sale in these markets were priced not in KPW but in RMB, and that most customers were paying directly in RMB (Daily NK 2013; Green 2012; Ruwitch and Park 2013).
Even where trade is conducted in local currency, this is accomplished by exchanging hard currency holdings for KPW prior to use via a network of commercial moneychangers who operate in or near marketplaces.
He was only one seat short of a majority of the seats in KPW for the National Assembly.
A measure of the social and cultural obstacles to participation by women (even though there are separate polling stations with female staff in most locations except in remote and small centres) can be evidenced by there being no votes cast by women even in female polling stations in some places in Balochistan and KPW provinces.
Separate from the 10-year technology licensing agreement, TRW signed a 10-year supply contract to provide all air bag inflators to KPW for modules covered under the license.
KPW offers a wide array of products and services, providing clients a variety of options through a single point contact.