NORTH KOREAN 50,000 WON MONEY VOUCHERS

 
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North Korea's Central Bank has printed a 50,000 won (U.S. $8.30) money voucher worth 10 times its highest currency denomination, photo evidence obtained exclusively by RFA has revealed.

North Korean paper currency is available in denominations ranging from the practically worthless 5 won ($0.00083) note to the 5,000 won note, worth less than $1. People generally use a mixture of foreign currencies like dollars and Chinese yuan in conjunction with the North Korean won to pay for goods and services.

RFA received photos of the new voucher from the J.M. Missionary Union, a Seoul-based organization with knowledge of the situation.

The note bears the name of the Central Bank of the DPRK with an issue date of Juche 111, the current year in the North Korean calendar that starts in 1912, the birth year of national founder Kim Il Sung. The background shows Mt. Paektu, a mountain on the Sino-Korean border that is sacred in Korean culture.

 
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RFA was unable to confirm how many 50,000 won notes have been printed or whether they are in circulation. The organization said the voucher was issued earlier this year and is in use in Pyongyang.

They said that the high denomination vouchers were for transactions between businesses.

To read the complete article, see:
North Korea issues high-denomination money voucher, photo evidence shows (https://www.rfa.org/english/news/korea/donpyo-04072022193445.html)

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