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| Issuer | Central Bank of the Democratic People's Republic of Korea |
|---|---|
| Year | 2004 |
| Type | Non-circulating coin |
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| Reverse description | Central design depicts Chotdae Bawi (Candlestick Rock), a tall, narrow volcanic rock formation of Dokdo rising dramatically from the sea, rendered in fine relief against a smooth field. Waves are suggested at the base of the rock. A Hangul legend curves along the upper field reading 'Our island Dokdo • Chotdae bawi' (우리의 섬독도 • 촛대바위). The date is inscribed in the lower field in dual format: the Juche calendar year '주체93' followed by the Gregorian equivalent '(2004)'. |
| Reverse script | Hangul |
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| Additional information |
North Korea's foreign-currency coin program, active from the 1970s onward, produced issues specifically for visiting diplomats, foreign workers, and the hard-currency shops that ordinary citizens were barred from entering. These pieces circulated — if they circulated at all — entirely outside the domestic won system, which was subject to periodic redenomination and forced exchange schemes that wiped out private savings. Candle Island, a small rocky formation off the western coast, appears in several of these commemorative issues as part of a broader series promoting domestic geography to foreign audiences.
KM#975 is a late entry in that program, by which point North Korea had been issuing collector-targeted coinage for foreign exchange for nearly three decades.