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Last updated : Nov 2009
 
Korea North Currency
Korea North Currency and Bank information - TravelPuppy.com
Won (Won) = 100 chon.

Notes are in denominations of Won100, 50, 10, 5 and 1.

Coins are in denominations of Won1, and 50, 10, 5 and 1 chon.

Currency exchange

Currencies may be changed at the Trade Bank (opening from Monday-Saturday 9.00 am - 12.00 pm and 2.00 - 5.00 pm) or at some hotels.

Convertible currencies are Australian, Euros, Hong Kong, Pounds Sterling, US Dollars and Yen.

Note: Hotels tend to only accept cash payments in local currency whilst shops prefer US Dollars.

Credit & debit cards

Major Pyongyang hotels normally accept credit and debit cards which are Visa and Mastercard; however, American Express is not generally accepted.

Travellers cheques

Travellers cheques are not commonly accepted; however, US Dollars are usually accepted as an alternative method of payment.

Currency restrictions

The import and export of local currency is prohibited and illegal while the import and export of foreign currency is unrestricted; however, it is subject to a declaration on arrival.

Exchange rate indicators

The following figures are included as a guide to the movements of the Won against Sterling and the US Dollar:
 
Date Oct'07
£1.00=
4.51
$1.00=
2.20
 
Useful travel links
AMEX Travellers Cheques information on Amex travellers cheques
Oanda International currency and foreign exchange services
Travellers Cheques Visa information on Visa travellers cheques
Universal Currency Converter online foreign exchange and currency
VISA ATM Locator location of any ATM that accepts VISA cards