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In 1962, 10 and 50 jeon, 1, 5, 10, 50, 100 and 500 won notes were introduced by the Bank of Korea. The first issue of 1, 5, 10, 50, 100 and 500 won notes was printed in the UK by Thomas De La Rue. The jeon notes together with a second issue of 10 and 100 won notes were printed domestically by the Korea Minting and Security Printing Corporation.
10.3 Other. 11 Free floating. Toggle Free floating subsection. 11.1 Inflation-targeting framework. 11.2 Other. 12 See also. 13 References. Toggle the table of contents.
The Unicode code point is U+20A9 ₩ WON SIGN: this is valid for either appearance. Additionally, there is a fullwidth character at U+FFE6 ￦ FULLWIDTH WON SIGN (in the block halfwidth and fullwidth forms ).
In 1959, the old won was replaced with the Second Won, with price and exchange rates fixed to the U.S. dollar. This banknote series was issued in denominations of 50 chon, and 1, 5, 10, 50, and 100 won. These notes were much larger than the previous issue and depicted images representing various industries in the North Korean economy.
There have been recurring proposals in the South Korean National Assembly to redenominate the won by introducing a new won or new unit, equal to 1,000 old won, and worth nearly one U.S. dollar. While proponents cite a more valuable currency unit better projects the strength of the nation's economy, a majority remain opposed to the idea.
At the point of devaluation (November 1978), the trade-weighted real (local price adjusted) effective exchange rate of the rupiah [37] against major world currencies was just over twice as high as it was in 1995 (prior to the Asian economic crisis, and free fall of the rupiah), i.e. the rupiah was highly overvalued at this point. By March 1983 ...
The Asian financial crisis of 1997–1998 reduced the rupiah's value by over 80% in a few months and was a major factor in the overthrow of President Suharto's government. The rupiah had traded at about 2000–3000 rupiah per 1 USD, but reached a low of 16,800 rupiah per dollar in June 1998. The currency, which had been relatively stable in ...
The lower denominations, Rp1,000 and Rp5,000, were updated in 2000 and 2001. While the Rp5,000 note is still being printed, the Rp1,000 note was last issued dated 2013 (a limited number of notes dated 2016 were issued later) and, while remaining in circulation, has largely been replaced by a coin of the same value.