Currency of North Korea: North Korean Won
North Korean Won · KPW · National
Who Issues North Korean Won in North Korea
North Korea's own currency is the North Korean Won (KPW). Central Bank of the Democratic People's Republic of Korea is the monetary institution identified for that national framework, and ISO 4217 lists it numerically as 408.
The institutional responsibility for KPW belongs to Central Bank of the Democratic People's Republic of Korea. North Korea consequently has its own national monetary framework for the North Korean Won, separate from shared-currency and foreign-legal-tender systems.
Exchange Rate for KPW
For North Korea's North Korean Won, the useful benchmark is a dated KPW observation with its currency pair stated explicitly. A bank, card network or cash desk may apply its own spread or fee to that benchmark. The comparison stays the reference value properly qualified.
On this North Korea currency page, hold the pair and timestamp constant when judging changes in the reference rate. Actual conversion costs depend on the provider's spread, fees and timing. It keeps the institutional fact separate from market data.
Banknotes and Coins
Banknotes
Accessible primary central-bank denomination material is not available for independent current verification. The documented 2009 redenomination family contains â‚©5, â‚©10, â‚©50, â‚©100, â‚©200, â‚©500, â‚©1,000, â‚©2,000 and â‚©5,000 notes, with â‚©5,000 the highest denomination in that family.
Coins
The same documented family contains 1, 5, 10 and 50 chon coins plus â‚©1. This page treats the denomination list as data-sparse and does not imply that an inaccessible later central-bank catalogue has been independently verified.
Frequently Asked Questions
What currency is used in North Korea?
The North Korean Won (KPW) is the national currency of North Korea. Central Bank of the Democratic People's Republic of Korea is responsible for the domestic monetary framework.
Who manages the currency system in North Korea?
Central Bank of the Democratic People's Republic of Korea is the main monetary authority identified for North Korea.
Are the exchange rates for North Korea real-time?
When using the KPW reference, the converter uses the latest available reference observation for a supported pair and displays its observation date. The figure is informational and can differ from a bank, card or cash-counter quote.
Sources & methodology
For North Korea, the KPW identity follows ISO 4217 and the exchange-arrangement classification is cross-checked against the IMF framework. Central Bank of the Democratic People's Republic of Korea is identified as the relevant institution for North Korea, but no authority website is linked unless an official URL can be verified reliably.