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50 Chon Capitalist Visitor

Issuer Foreign Trade Bank of the Democratic People's Republic of Korea
Year 1988-2003
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Value 50 Chon (0.50 KPW)
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Obverse lettering 외화와바꾼돈표 50 전 1988 조선민주주의인민공화국무역은행  오십전
(Translation: Foreign currency exchange, Foreign Trade Bank of the Democratic People's Republic of Korea, Fifty Chon)
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Reverse lettering 50전
(Translation: 50 Chon)
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Comments

North Korea ran parallel currency systems for foreign visitors from the late 1970s onward, issuing denomination-specific notes segregated by the visitor's origin — socialist or capitalist country. This 50 Chon falls in the capitalist series, identifiable by the red serial prefix and red seal, distinguishing it from the near-identical blue-coded socialist visitor notes. The segregation was ideological and practical: it controlled access to designated hard-currency shops (the "Hwanggumseong" and similar dollar stores) while keeping Western currency transactions off the general domestic economy.

The series remained nominally valid through 2003, though the entire foreign exchange certificate system was effectively abandoned around that time as North Korea shifted its hard-currency extraction strategies. Notes from the capitalist series turn up more frequently than their socialist counterparts — Western tourists simply kept more souvenirs.

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