Catalog
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| Issuer | Central Bank of the Democratic People's Republic of Korea |
|---|---|
| Year | 2001 |
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| Composition | Log in to see details |
| Weight | 28 g |
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| Obverse description | The State coat of arms of the Democratic People's Republic of Korea occupies the central field, depicting Mount Paektu surmounted by a five-pointed star radiating rays, flanked by sheaves of rice bound with a ribbon inscribed with the state name, and a hydroelectric dam in the lower portion. Decorative foliate sprigs flank the lower field. The legend reading the full state name and issuing bank curves along the upper periphery in Hangul script, while the denomination '1 원' (1 Won) appears prominently in the lower field. |
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| Reverse description | A facing bust portrait of Kim Jong Il, rendered in fine relief, occupies the central field; the subject wears spectacles and a collared jacket. Floral sprigs composed of roses frame the lower portion of the portrait on both sides. The curved legend '위대한 령도자 김정일동지' (Great Leader Comrade Kim Jong Il) arcs along the upper periphery in Hangul script. The Juche year and Gregorian year '주체90 (2001)' appear in the lower exergue. |
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| Additional information |
Issued the same year North Korea was formally designated part of George W. Bush's "Axis of Evil" — though that speech came in January 2002, the coin's production preceded a period of near-total economic collapse in which the won was so devalued that this denomination was functionally worthless in domestic exchange. North Korea's formal currency reform wouldn't arrive until 2009, when the government redenominated at 100:1, wiping out household savings and triggering rare public protests in Pyongyang.