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The Korean People's won, more commonly known as the North Korean won (Symbol: ₩; Code: KPW; Korean: 조선 원) and sometimes known as the Democratic People's Republic of Korea won (Korean: 조선민주주의인민공화국 원), is the official currency of North Korea. It is subdivided into 100 chon.
On 9 January 1946, the central bank of North Korea was created with use of all branches of the Bank of Chōsen on North Korean territory. [4] In practice, that central bank was under the control of the Soviet Armed Forces. [5] It was complemented in April 1946 by the creation of a Farmers' Bank. [4]
The North Korean won is the national currency, issued by the Central Bank of the Democratic People's Republic of Korea. [298] The economy has been developing dramatically in recent years despite sanctions. The Sejong Institute describes these changes as "astonishing". [299] The economy is heavily nationalized. [300]
Pyongyang [a] (Korean: 평양; Hancha: 平壤) is the capital and largest city of North Korea, where it is sometimes labeled as the "Capital of the Revolution" (혁명의 수도). [8] Pyongyang is located on the Taedong River about 109 km (68 mi) upstream from its mouth on the Yellow Sea .
The capital of North Korea is the city of Pyongyang. ... Common English country name: North Korea; ... Currency of North Korea: Won. ISO 4217: ...
Korea has had a number of capitals. Korea is a peninsula in East Asia , currently the peninsula is divided into two countries: North Korea's capital is Pyongyang , and South Korea's capital is Seoul .
The following chart lists countries and dependencies along with their capital cities, in English and non-English official language(s). In bold : internationally recognized sovereign states The 193 member states of the United Nations (UN)
Pyongyang, the largest city and capital, is classified as a chikhalsi (capital city), while three cities (see the list below) are classified as t'ŭkpyŏlsi (special city). Other cities are classified as si (city) and are under provincial jurisdiction, at the same level as counties (see Administrative divisions of North Korea).