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20 Won Blue Dragon

Issuer Central Bank of the Democratic People's Republic of Korea
Year 2007
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Value 20 Won (20 KPW)
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Obverse lettering 조선민주주의인민공화국중앙은행 2007 * 20 WON
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Edge Smooth
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Additional information

North Korea's commemorative coinage from the mid-2000s was produced almost entirely for export — sold through European dealers to foreign collectors, with negligible circulation inside the DPRK itself. Hard currency earned through numismatic exports was a documented revenue stream for Pyongyang during this period, part of a broader pattern of unconventional foreign exchange generation under international sanctions.

KM#633 belongs to a loosely organized series drawing on traditional East Asian iconography. The blue dragon is one of the four cardinal directional symbols in Korean cosmology, associated with the east and with spring — its appearance on state coinage reflects a deliberate appeal to pan-Korean cultural identity that Pyongyang periodically deploys for both domestic legitimacy and diaspora outreach.

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