As of now, the highest denomination of currency in North Korea is 5,000 won, which in reality is only worth 70 cents. It isn’t practical or reliable, and its users have lost faith in their government’s ability to create an economically viable currency.
None of this changed in August when state officials announced the replacement of the 5,000 won bill. In fact, the most memorable aspect of this replacement was the disappearance of state leader Kim Il Sung's face from the bill.
As of now, the highest denomination of currency in North Korea is 5,000 won, which in reality is only worth 70 cents. It isn’t practical or reliable, and its users have lost faith in their government’s ability to create an economically viable currency.
None of this changed in August when state officials announced the replacement of the 5,000 won bill. In fact, the most memorable aspect of this replacement was the disappearance of state leader Kim Il Sung's face from the bill.
Become a member for less than $4 per week.
Unlimited access to all of NK News: reporting, investigations, analysis
The NK News Daily Update, an email newsletter to keep you in the loop
Searchable archive of all content, photo galleries, special columns
Contact NK News reporters with tips or requests for reporting
Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts.
Subscribe now
All major cards accepted. No commitments – you can cancel any time.
SHARE
COPY LINK
X
MASTODON
