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North Korean won · KPW

symbol · 1 country currently using this currency.

Currency info

Adopted: 1947

Currency family: Other

The North Korean won is one of the world's least traded currencies due to international sanctions and capital controls.

  • Introduced in 1947 following Korea's independence from Japanese colonial rule
  • Replaced the Korean yen at a 1:1 exchange rate
  • Experienced significant devaluation during the Korean War (1950-1953)
  • Heavily controlled by the North Korean government with limited international trading

Countries currently using this currency

Related

Historical predecessor

Korean yen