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1000 Won

Issuer Central Bank of the Democratic People's Republic of Korea
Year 2002-2006
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Currency Second Won (1959-2009)
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Obverse lettering 조선민주주의인민공화국 중앙은행 1000 천원
(Translation: The Central Bank of the Democratic People's Republic of Korea, One Thousand Won)
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Protection description Kim Il-sung's portrait embedded in the paper; embedded security thread running vertically through the note.
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Comments

North Korea's 2002 currency reform introduced several higher denominations aimed partly at absorbing the unofficial cash that had accumulated during the famine years of the late 1990s, when the state distribution system had effectively collapsed and private market activity had exploded despite being formally prohibited. The 1000 Won was among the largest denominations in everyday circulation during that transitional period — significant in a country where official wages were still denominated in figures from a previous economic reality.

Pick 45 is sometimes found with subtle ink saturation inconsistencies across the series, a known quirk of North Korean domestic printing operations during this period rather than a defect specific to individual notes.

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