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250 Won 40th Anniversary Central Bank
| Issuer | North Korea |
|---|---|
| Year | 1988 |
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| Value | 250 Won (250 KPW) |
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| Obverse description | The national emblem of the Democratic People's Republic of Korea occupies the central field, depicting a hydroelectric power station beneath a five-pointed star emitting rays, framed by sheaves of rice tied with a ribbon inscribed with the state name in Hangul. A Hangul legend curves along the upper periphery reading the full state name, while the date '1988' appears in the lower field flanked by stylised olive branches. Below the date, the anniversary inscription '40돐' (40th anniversary) is rendered in bold Hangul characters. |
|---|---|
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| Obverse lettering | 조선민주주의인민공화국 1988 40돐 (Translation: 40th Anniversary of the Founding of the Democratic People's Republic of Korea 1988) |
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| Additional information |
Issued to mark the fortieth anniversary of the Korean Central Bank, founded in 1948 alongside the formal establishment of the Democratic People's Republic of Korea. North Korean gold commemoratives of this period were produced exclusively for foreign currency earning — never intended to circulate domestically, where hard currency was prohibited from private ownership. Most were sold through Vereinigung, the East German state trading company, or through Tong-il, Pyongyang's own export arm, to Western collectors and dealers willing to engage with the DPRK market during the late Cold War.
KM#29 is genuinely scarce; survivorship is poorly documented precisely because the distribution channels were informal by design.