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10 000 Won Savings bond
| Issuer | Central Bank of the Democratic People's Republic of Korea |
|---|---|
| Year | 2003 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Second Won (1959-2009) |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 조선민주주의인민공화국 중앙은행 일만원 신용권 주체92 (2003) (Translation: Central Bank of Democratic People's Republic of Korea, Ten Thousand Won, Credit bond) |
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| Protection type | Log in to see details |
| Protection description | Watermark visible as a four-petal floral motif, positioned at center of the obverse |
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| Comments |
North Korea's savings bonds occupy an odd corner of notaphily — they are not currency, not freely tradeable, and were issued to a population with no meaningful ability to refuse participation in state savings schemes. The 2003 series, of which this is a part, emerged during the period following the devastating economic disruptions of the 1990s famine years, when the government was attempting to absorb excess cash without triggering visible inflation.
Watermarking on DPRK issues of this period was inconsistent in execution. Surviving examples vary noticeably in watermark clarity, likely reflecting limited quality control at the Pyongyang printing facilities.