North Korea, officially the Democratic People's Republic of Korea, is a country in East Asia. It constitutes the northern half of the Korean Peninsula and borders China and Russia to the north at the Yalu and Tumen Rivers, and South Korea to the south at the Korean Demilitarized Zone.
North Korea has a population of around 25 million people, and its capital city is Pyongyang. The country is known for its authoritarian government, which has been in power since its establishment in 1948. The country's leader is Kim Jong-un, who took power in 2011 after the death of his father, Kim Jong-il.
the official currency of North Korea is the North Korean Won. The symbol for the won is ₩, and the ISO code is KPW.
However, it's important to note that the North Korean won is not a freely convertible currency, meaning that it is not widely traded on international foreign exchange markets. Instead, North Korea has multiple exchange rates for different types of transactions, and the official exchange rate is tightly controlled by the government.
the second North Korean won was introduced in 1959 and was in use until 2009, when it was replaced by a new currency called the North Korean won (the third won).
During the period of its use, the second North Korean won was subdivided into units called chon, with 100 chon equaling one won, as you mentioned.
the third North Korean won was introduced in 2009, replacing the second North Korean won at a rate of 1:100.
Like its predecessor, the third North Korean won is subdivided into units called chon, with 100 chon equaling one won. However, the new currency is also subject to tight government control, and its value is not freely convertible on international markets.
We at Coin-house, Kochi offer a set collection of 10 North Korean Coins at Rupees 750
