Country Guides
Korea (Democratic Peoples Republic Of)
Money

Money

Korea (Democratic Peoples Republic Of)

Currency

Won (KPW; symbol ₩) = 100 chon. Notes are in denominations of ₩100, 50, 10, 5 and 1. Coins are in denominations of ₩1, and 50, 10, 5 and 1 chon.

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

Currency Exchange

Currencies may be changed at the Trade Bank (Mon-Sat 0900-1200 and 1400-1700) or at some hotels. Convertible currencies include Australian, Hong Kong and US Dollars, Euros, Pounds Sterling and Yen.

Credit/Debit Cards and ATMs

Main hotels in Pyongyang will accept credit and debit cards such as Mastercard and Visa. However, American Express is not usually accepted.

Traveller's Cheques

Generally not accepted. However, US Dollars are often accepted as an alternative method of payment.

Currency Restrictions

Restrictions apply.

Exchange Rate Indicators

Date Apr 09
£1.00= ₩212.38
$1.00= ₩142.45
€1.00= ₩189.12

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