Kuwaiti Dinar in North Korean won

KWD Kuwaiti Dinar

Country of application:
Kuwait

Coin denominations in circulation:
1, 5, 10, 20, 50, 100 fils.

Denominations of banknotes in circulation:
0.25, 0.5, 1, 5, 10, 20 dinars.

History reference:
The Kuwaiti dinar is currently the national currency of Kuwait. The Kuwaiti dinar was introduced into circulation on April 1, 1961, replacing the Gulf rupee. The Kuwaiti dinar is three times stronger... than the dollar. In 2006, Kuwait revalued its national currency by 1% against the dollar. In 1990, Iraq occupied Kuwait, the Iraqi dinar was put into circulation, and during the six months of occupation, all cash was taken out of the country. In order to prevent further use by Iraq of the stolen money, after the liberation of Kuwait, a monetary reform was carried out, the Kuwaiti dinar of the new issue again became the official means of payment. Today, coins in denominations from 5 to 100 fils and banknotes in denominations from ¼ to 20 dinars are in circulation. The Kuwaiti dinar was pegged to the US dollar at a ratio of 3:1. In 2006, the emirate revalued its national currency against the dollar by 1%. In May 2007, the Kuwaiti authorities decided to decouple the dinar from the dollar, replacing it with a multi-currency basket.

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.