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1 Won

Issuer Central Bank of the Democratic People's Republic of Korea
Year 1978
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Reference(s) P#8A
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Obverse lettering 조선민주주의인민공화국 중앙은행
ㅎ근 029435
태양절 경축 90돐
주체91(2002)년4월15일
일원
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Reverse lettering 조선민주주의인민공화국중앙은행
일원
1
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Comments

North Korea's 1978 note series was produced under a tightly controlled internal economy where paper currency served different functions for different population categories. By this period, the DPRK operated a parallel currency system — ordinary won for citizens, and separate "red won" certificates for foreign visitors and diplomats. The 1 Won of this series circulated domestically among the general population, largely as a rationed-economy instrument rather than a free-market medium of exchange.

Pick 8A is distinguished from the closely related 8B by its watermark characteristics — a distinction that matters more than it might appear, since North Korean notes of this era were reproduced with sufficient consistency to make variant identification genuinely difficult without direct comparison.

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