Panamanian Balboa in North Korean won

PAB Panamanian Balboa

Country of application:
Panama

Coin denominations in circulation:
1 and 5 centesimos, 0.1, 0.25, 0.5, and 1 balboa.

Denominations of banknotes in circulation:
-

History reference:
The Balboa is the currency of the Republic of Panama. Panama money got its name from the Spanish conquistador Vasco Nunez de Balboa, the first European to cross the Isthmus of Panama from the Atlanti...c to the Pacific coast. With the independence of Panama in 1904, it became necessary to introduce a new currency to replace the Colombian peso. The balboa became such a currency. Until 1934, it was relatively independent and had a certain gold content (1.5048 g of pure gold), later a firm 1:1 ratio with the US dollar was established, which has been maintained to this day.

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.