North Korean won in Eritrean Nakfa

KPW North Korean won

Country of application:
North Korea

Coin denominations in circulation:
1, 5, 10, 50 chon, 1 won.

Denominations of banknotes in circulation:
100, 200, 500, 1000, 2000, 5000 won

History reference:
The North Korean Won is the official currency of the Democratic Peoples Republic of Korea. There are two versions of spelling and pronunciation: "won" - in the feminine, as prescribed by the Spelling... Dictionary of the Russian Language of the Russian Academy of Sciences, edited by V.V. Lopatin, and "won" in the masculine - as the Bank of Russia writes in its daily quotes of the currency bearing the same name as South Korea. This is due to the complexity of translation from Eastern languages. Throughout almost its entire history, the Korean Peninsula has been under the cultural, political and economic influence of a powerful neighbor - China. This influence was also reflected in the monetary system of Korea. Until the end of the 19th century, the main monetary unit was the Korean mun - a cast bronze coin with a square hole.

ERN Eritrean Nakfa

Country of application:
Eritrea

Coin denominations in circulation:
1, 5, 10, 25, 50 cents, 1 nakfa.

Denominations of banknotes in circulation:
1, 5, 10, 20, 50, 100 nakfa.

History reference:
The Eritrean nakfa is the national currency and fiat money of the State of Eritrea, a state in East Africa. Nakfa was introduced in 1997 when it replaced the Ethiopian Birr after the War of Independe...nce. The country went through seven years of stabilization, reconstruction and development before the start of a new border war with Ethiopia in 1998. In mid-2018, a turning point took place in the external environment of Eritrea. Ethiopia signed a peace treaty with Eritrea in July 2018. Eritrea has begun to normalize relations with neighboring countries. In November 2018, the UN Security Council lifted sanctions on Eritrea. The current account surplus will remain high in 2020, driven by Eritrean remittances from abroad (12% of GDP) and mining exports (25% of GDP).