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10 Won
| Issuer | Central Bank of Korea (North Korea) |
|---|---|
| Year | 1959 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | 158 × 72 mm |
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| Printer | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 조선민주주의인민공화국 조선중앙은행 십원 1959 (Translation: Democratic People`s Republic of Korea, Central Bank of North Korea, Ten Won) |
| Reverse description | Log in to see details |
| Reverse lettering | 조선중앙은행 십원 (Translation: Central Bank of North Korea, Ten Won) |
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| Comments |
North Korea's 1959 currency reform was a straightforward redenomination — old won exchanged for new at 100:1 — but the political logic behind it was as much about breaking the accumulated savings of politically suspect classes as it was about monetary stabilization. The exchange was capped and tightly controlled, effectively wiping out holdings above the permitted threshold.
The P#15 series was printed with Soviet technical assistance, and the notes share production characteristics with contemporaneous Eastern Bloc issues. Specimens with the "SPECIMEN" perforation are more frequently encountered in Western collections than circulated examples, which rarely left the country.