North Korean won in Lao Kip

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.

LAK Lao Kip

Country of application:
Lao Peoples Democratic Republic

Coin denominations in circulation:
10, 20, 50 atam.

Denominations of banknotes in circulation:
500, 1000, 2000, 5000, 10,000, 20,000, 50,000, 100,000 bales.

History reference:
The kip is the currency of Laos. Laos (officially the Lao Peoples Democratic Republic) is a socialist state in Southeast Asia, located inside the Indochina peninsula. It has common borders in the eas...t with Vietnam, in the south with Cambodia (Kampuchea), in the north with China and Myama (Burma), in the west with Thailand (Siam). The capital of the Lao Peoples Democratic Republic is the city of Vientiane, there are no other large cities in Laos. It is mainly used as a bargaining unit for the US dollar and Thai baht. Previously issued coins of 10, 20 and 50 atats do not participate in circulation due to their low cost.