Define: KPW

UK Accounting Glossary

Definition: KPW



Advertisement



Full Definition of KPW


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.


Advertisement




Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/kpw/
Modern Language Association (MLA):
KPW. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. March 31, 2020 https://payrollheaven.com/define/kpw/.
Chicago Manual of Style (CMS):
KPW. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/kpw/ (accessed: March 31, 2020).
American Psychological Association (APA):
KPW. PayrollHeaven.com. Retrieved March 31, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/kpw/

Definition Sources


Definitions for KPW are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 10th February 2020.