UK Accounting Glossary
In currencies, KPW is the abbreviation for the North Korean Won. The KPW is issued by the Central Bank of the Democratic People’s Republic of Korea. KPW is a derivative or cognate of the Chinese yuan and Japanese yen. In 1945, the KPW became the currency of North Korea replacing the Korean yen. KPW bills continue to look similar in nature and all feature relatively the same designs. North Korean KPW is intended exclusively for North Korean citizens. Exchange rates for the KPW fluctuate with market conditions. Rates for the KPW have compared to both mainstream markets, as well as the black market. The KPW is divided into 100 chon with the KPW conversion factor having 4 significant digits. The symbol for KPW can be written Wn.
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This glossary post was last updated: 10th February 2020.