North Korean Won


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North Korean Won

The currency of North Korea. 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 because 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 ?
(32) At the exchange rate of 140 North Korean won per
Since the official exchange rate of the North Korean won against the US dollar is 150, it can be said Kim is trolling for pocket change.
denomination of KPW (North Korean Won) 1,000 is replaced by the new KPW 10,

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