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The ISO 4217 currency code for the North Korean Won.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
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