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10 Won Golden Mountains

Issuer Central Bank of the Democratic People's Republic of Korea
Year 2020
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Currency Third Won (2009-date)
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Obverse description Central legend reads '조선민주주의인민공화국 중앙은행' (Central Bank of the Democratic People's Republic of Korea) encircling the upper field. The denomination '10원' (10 Won) is inscribed prominently in the center, with the Juche year and Gregorian year '주체 109(2020)년' beneath. The design is executed in a standard numismatic style with the lettering arranged concentrically within a plain circular border.
Obverse script Hangul
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North Korea's post-2009 currency reform — which effectively wiped out private savings by capping the exchange of old won at a rate that rendered most holdings worthless — created sustained pressure on the regime to demonstrate monetary stability it could not actually deliver. Commemorative brass issues from this period circulated almost exclusively as state-controlled collectibles, insulated from the dysfunction of the domestic economy by design.

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