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1 Won Blue stamp; non-convertible (Socialist) currencies, 2nd issue
| Issuer | Central Bank of the Democratic People's Republic of Korea |
|---|---|
| Year | 1986 |
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| Value | 1 Won (1 KPW) |
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| Obverse description | Central vignette shows a student, woman, and children before modern North Korean buildings, symbolising the nation's envisioned prosperous future. The date 1978 appears alongside the issuer name and the patriotic slogan 세상에부럼없어라 in Korean script. |
|---|---|
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| Reverse lettering | 조선민주주의인민공화국중앙은행 1 일원 (Translation: Central Bank of the Democratic People's Republic of Korea, One Won) |
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| Comments |
North Korea ran parallel currency systems for decades — one for citizens, one for foreigners — and this note belongs to the domestic socialist series, explicitly non-convertible and restricted from use in the hard-currency shops (Hwanggumseong and similar establishments) that operated separately for diplomats and tourists. The blue stamp series was the second domestic re-issue, following structural changes to the won's internal classification system in the 1980s.
The "non-convertible" designation was printed into the note's function, not just its policy — a deliberate architectural choice to prevent arbitrage between the parallel economies.