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50 000 Won Savings bond
| Issuer | Central Bank of the Democratic People's Republic of Korea |
|---|---|
| Year | 2003 |
| Type | Log in to see details |
| Value | 50 000 Won (50 000 KPW) |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Log in to see details |
| 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 | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | 사용설명서 신용권은 임의의 중앙은행기관에서 사거나 찾으며 양도할수있다. 신용권을 분실한 경우 재 발급 하지 않는다. 신용권의 년 리자는 4%이며 리자는 산날부터 1년을 주기로 하여 발급받은 중앙은행 기관에서 찾을 때에 계산지불한다. (Translation: A credit bond may be purchased, redeemed or transferred at any central banking institution. If a credit bond is lost, it will not be reissued. The annual interest rate of the credit bond is 4%; interest is calculated on an annual cycle from the date of issue and paid when redeemed at the issuing central bank institution.) |
| Signature(s) | Log in to see details |
| Protection type | Log in to see details |
| Protection description | Watermark present in paper |
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| Comments |
North Korean savings bonds occupy an unusual position in the country's financial system — they function less as voluntary investment instruments than as state-directed mechanisms for extracting capital from the population. The 2003 series was issued under a broader economic reorganization following the currency difficulties of the late 1990s famine period, when hard currency shortages had severely strained domestic finance.
Collectors should note that "bonds" of this type circulated outside normal banking channels and were frequently issued to workers in lieu of wages — a detail that complicates any straightforward reading of them as conventional debt instruments. Redemption terms were rarely honored on schedule.