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200 Won

Issuer Central Bank of the Democratic People's Republic of Korea
Year 2005
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Value 200 Won
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Obverse lettering 조선민주주의인민공화국
중앙은행
주체 94 (2005)
위대한 수령 김일성동지
탄생 95돐
이백원
200
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Variants P#54 - Specimen
Comments

North Korean currency rarely circulates outside tightly controlled state distribution channels, and the 2005 series to which this note belongs was issued during a period when the DPRK's parallel currency systems — one for ordinary citizens, one for the privileged class and foreign exchange — created significant confusion about which denominations had real purchasing power. The 200 Won face value placed this note in a mid-range position that carried little practical weight given chronic shortages and the dominance of foreign hard currency in actual transactions.

The 2009 redenomination, which wiped two zeros from all existing notes and capped household exchanges at a punishing ceiling, rendered the entire pre-reform series essentially worthless overnight. Most were destroyed or surrendered.

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