Talk:North Korean won

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Basically, I was stumbled upon the fact that Central Bank of the Democratic People's Republic of Korea does not have an internet website, or does it?? Dunger99us (talk) 19:38, 4 June 2008 (UTC)

The central bank of the DPRK has no website. There are hardly any North Korean websites, mostly unofficial "fan sites" made by western juche enthusiasts 80.220.104.62 (talk) —Preceding comment was added at 17:28, 5 June 2008 (UTC)

Am curious - I have seen eBay auctions state that it's illegal to take the currency out of the country - can anybody confirm this, and if true, perhaps it should be added to the article? - User:Junglizt1210 - 16:40 UTC, April 1st, 2006.

As with the article about the South Korean won, I believe the pronunciation of "won" is /wɑn/ as opposed to the past tense of "to win".

/wɑn/ is the common pronunciation in English, but not in Korean. In Korean, it is, in fact, /wʌn/. /wɑn/ is a hypercorrection. Nik42 02:20, 10 July 2006 (UTC)

Contents 1 Coins? 2 Pictures 3 Coins 4 Current value 5 date of introduction 6 Small coins

[edit] Coins?

Do the coins actually circulate? The article states that the won's value is believed to be about that of the South Korean won, which would indicate that even 1 won would be nearly worthless. In addition, the fact that there's the largest bill is 500,000 times the value of the smallest coin makes the worth of that coin rather questionable, unless the 5,000-won bill is ridiculously high-value Nik42 02:20, 10 July 2006 (UTC)

Anything about North Korea is a myth. But I can tell you this: US$12.5 is a reasonable price on the collector's market for a 5000 North Korean won. so that means the face value of 5000 won is probably $6, which translates to 833 won per USD. I can't really give a definitive answer, but I would't be surprised if 1 won coin (= 0.1 US cent) is still used. --Chochopk 03:04, 10 July 2006 (UTC)

Correction: 10000 South Korean won is sold for $16 by the same vendor, and 5000 won for $10, so by linear interpolation, 5000 N. won is appoximately 7083 S won. And because the face value-collector price relationship is never linear (concave actually), and NK won is supposedly rarer, so the face value of 5000 N. won would be lower than 7083 S. won, which makes it right to say that 1 NK won is about 1 SK won. Nevertheless, 1 N. won is still approx. 0.1 US cent. --Chochopk 04:00, 10 July 2006 (UTC)

1 won is, according to the article, about 0.46 Euro cent. 1 chon would, therefore, be about 0.0046 Euro cent. It's hinging on the point where the coin is worth more as raw metal than as currency (see Zimbabwe dollar). JIP | Talk 18:28, 17 October 2006 (UTC)

[edit] Pictures

How come there aren't any pictures of the bills? Jorobeq 06:45, 10 September 2006 (UTC)

Copy right laws are hard to find. If there are acceptable tags (or if you create one, I will be happy to upload) --ChoChoPK (球球PK) (talk | contrib) 06:22, 11 September 2006 (UTC)

I'll try because I have some NK bills of my own i wanted to upload Jorobeq 07:17, 11 September 2006 (UTC)

[edit] Coins

So what evidence is there for a 10, 50 and 100 Won? Is there any pictures on the web to see? Enlil Ninlil 03:50, 10 November 2006 (UTC)

Search on ebay with "North Korea Digga". --ChoChoPK (球球PK) (talk | contrib) 14:16, 10 November 2006 (UTC)

It's probable that the 1-50 chon (and 1 won) coins have been out of circulation for years - same goes for banknotes under 100 won. —Preceding unsigned comment added by 80.223.167.149 (talk) 16:03, 15 July 2007 (UTC)

Here are the pictures of 50 and 100 won. 84.248.115.9 (talk) 14:38, 11 December 2007 (UTC)

[edit] Current value

This auction on eBay shows that a bundle of 5000 won × 100 starts at US$260. If that price is higher than "face value", the that means $1 could buy 1923 won or more. (But eBay isn't really an encyclopedic reference). --ChoChoPK (球球PK) (talk | contrib) 02:59, 11 January 2007 (UTC)

[edit] date of introduction

The date on the was recently changed to 1947. A new article History of the Korean currencies says that North Korea continued using the old currency, Korean yen, for 2 years. The reference [1] says during these 2 years, the North and South Korea used the same currency, but didn't say what. So is it won or yen? --ChoChoPK (球球PK) (talk | contrib) 02:01, 6 February 2007 (UTC)

There is another source. But beware that Global Financial Data sometime makes mistakes. --ChoChoPK (球球PK) (talk | contrib) 02:05, 6 February 2007 (UTC)

[edit] Small coins

The 0.01 - 1 won coins should be removed from the tables, since they are out of circulation. Also the star system is no longer used on coins. —Preceding unsigned comment added by 80.220.113.212 (talk) 23:26, 26 December 2007 (UTC)