200 Won

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.