North Korean won
E45214
The North Korean won is the official fiat currency of North Korea, tightly controlled by the state and not freely convertible on international markets.
Observed surface forms (1)
| Surface form | Occurrences |
|---|---|
| North Korean won (early issues) | 1 |
Statements (42)
| Predicate | Object |
|---|---|
| instanceOf |
fiat currency
ⓘ
national currency ⓘ |
| blackMarketExchangeRate | differs significantly from official rate ⓘ |
| capitalControls | strict ⓘ |
| centralBank | Central Bank of the Democratic People’s Republic of Korea ⓘ |
| circulationOutsideCountry | very limited ⓘ |
| controlledBy |
North Korean government
ⓘ
surface form:
Government of North Korea
|
| convertibility | not freely convertible ⓘ |
| country | North Korea ⓘ |
| currencyFamily | won currencies of the Korean peninsula ⓘ |
| currencySign | ₩ ⓘ |
| denominationType |
banknotes
ⓘ
coins ⓘ |
| economicRole |
medium of exchange in North Korea
ⓘ
store of value within North Korea’s controlled system ⓘ unit of account in North Korea ⓘ |
| exchangeRegime | state-controlled ⓘ |
| firstIntroducedInCentury | 20th century ⓘ |
| foreignExchangeMarketStatus | highly restricted ⓘ |
| hasFeature | portraits and socialist imagery on banknotes ⓘ |
| hasRestriction | foreigners face limits on holding and using it ⓘ |
| IMFStatus | non-convertible currency ⓘ |
| inflationRisk | historically high ⓘ |
| introducedAs | successor to the Korean yen in the North ⓘ |
| ISO4217Code | KPW ⓘ |
| issuer | Central Bank of the Democratic People’s Republic of Korea ⓘ |
| legalTenderIn | North Korea ⓘ |
| monetaryAuthority | Central Bank of the Democratic People’s Republic of Korea ⓘ |
| monetaryPolicy | centrally planned ⓘ |
| monetarySystem | centrally administered ⓘ |
| officialCurrencyOf | North Korea ⓘ |
| peggedStatus | not freely traded on global forex markets ⓘ |
| regulatesUseOfForeignCurrency |
North Korean government
ⓘ
surface form:
Government of North Korea
|
| relatedCurrency | South Korean won ⓘ |
| subunit | chon ⓘ |
| subunitToUnitRatio | 100 chon = 1 won ⓘ |
| symbol | ₩ ⓘ |
| usedAlongside | foreign currencies in informal markets ⓘ |
| usedFor | domestic transactions in North Korea ⓘ |
| usedIn | state rationing system ⓘ |
| usedPrimarilyBy | residents of North Korea ⓘ |
| writingSystem | Hangul ⓘ |
Referenced by (3)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
North Korean won (early issues)