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5 Won

Issuer Central Bank of the Democratic People's Republic of Korea
Year 1978
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Value 5 Won
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Obverse description The obverse carries a central vignette of two figures — a male worker and a female carrying grain — set against an industrial cityscape with factory chimneys as underprint. The state emblem of the DPRK appears in the upper left, flanked by the serial number and the numeral 5 in the upper right. A commemorative overprint in English across the lower centre reads 'The 55th Anniversary of Foundation of D.P.R. of Korea / 9th. 9. Juche 92 (2003)', applied in dark ink over the standard note design.
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Protection type Watermark
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Comments

North Korean currency from this period was not designed for a functioning market economy — it was a rationing instrument. The 1978 series circulated alongside the parallel "red won" issued exclusively to foreign visitors and diplomats, a dual-currency system meant to quarantine foreign exchange from the domestic population entirely.

The CS designation in the Pick reference indicates this is a collector series note, meaning its precise circulation history within the DPRK remains effectively unverifiable by outside researchers. Watermarked cotton paper was the sole security feature, modest even by regional standards of the time.

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