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10 Won

Issuer Soviet Red Army Command (Korea)
Year 1945
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Value 10 Won
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Obverse lettering 붉은군대 사령부 拾 원 1945년 금전출남의 환용은 정법임
(Translation: Red Army Command, Ten Won, Year 1945, The exchange of money is a legal act)
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Reverse lettering 拾 원 화폐위조자는 전시법령에 처벌함
(Translation: Ten Won, Money counterfeiters will be punished by wartime laws and regulations)
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These notes were issued by Soviet military authorities immediately following their entry into the Korean peninsula in August 1945, functioning as occupation currency to requisition local goods without depleting Soviet hard currency reserves. The printing date of 30 April 1945 predates the Soviet declaration of war against Japan by over three months — the notes were prepared in advance, a logistical detail that says something about how thoroughly the occupation was planned before it began.

Technically issued by the Red Army Command rather than any Korean or Soviet banking institution, the series has no formal central bank backing. Inflation followed quickly as the notes were produced without restraint and fed into a local economy already under severe wartime strain.