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200 Won
| Issuer | Central Bank of the Democratic People's Republic of Korea |
|---|---|
| Year | 2005 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Rectangular |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 조선민주주의인민공화국 중앙은행 주체 94 (2005) 조선민주주의인민공화국창건 60돐 이백원 200 |
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| Reverse lettering | Log in to see details |
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| Protection type | Log in to see details |
| Protection description | the denomination numeral visible when held to light; embedded security thread running vertically through the note. |
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| Comments |
North Korea's domestic currency has long operated on a parallel track to its foreign-exchange certificates, and by 2005 the won was deep into a period of structural dysfunction — chronic shortages, rampant informal market pricing, and a state distribution system that had effectively collapsed in many provinces following the famine years of the 1990s. This note circulated into that economy.
The 2009 redenomination, which converted old won at 100:1 with a strict exchange cap per household, wiped out savings held in physical notes like this one. Many families lost the bulk of whatever cash they had accumulated. The P#W48A designation reflects a post-2009 cataloging distinction from earlier printings of the same design.