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10 Won Blue stamp; non-convertible (Socialist) currencies, 2nd issue
| Issuer | Central Bank of Korea (North Korea) |
|---|---|
| Year | 1986 |
| Type | Exchange certificates |
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| Obverse description | Central vignette of the Chŏllima winged equestrian statue in intaglio engraving, set against a fine guilloche underprint in pale tones. The National Coat of Arms appears to the left within a decorative rosette, flanked by ornamental guilloche panels. Denomination numerals printed in dark red at lower left and upper right corners. |
|---|---|
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| Reverse lettering | 조선민주주의인민공화국중앙은행 십10원 십원 (Translation: Central Bank of the People's Democratic Republic of Korea, Ten Won) |
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| Comments |
North Korea's 1978 currency reform created a two-tier system separating foreign exchange from domestic money, but the 1986 non-convertible reissue pushed that segregation further by targeting the domestic population with blue-overprinted notes explicitly barred from hard-currency transactions. The stamp itself — applied over existing stock rather than printed on new paper — was an administrative shortcut that kept production costs minimal while achieving the policy goal of currency segmentation.
Surviving examples frequently show the blue stamp applied unevenly, with ink bleed into the surrounding paper fiber, a known characteristic of the overprinting method used on this series.