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5 Won

Issuer Soviet Red Army Command (North Korea)
Year 1945
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Currency First Won (1947-1959)
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Obverse description Printed in red-brown on white paper, the obverse is centred on a cartouche bearing the Chinese numeral 伍 and the Korean syllable 원, enclosed within a symmetrical guilloche underprint of stylized floral and foliate motifs. Corner numerals 5 appear within the border frame, and the serial number is printed twice in the lower field. A rectangular panel at the top carries the Korean Red Army Command inscription, while a lower panel contains the legal tender clause.
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Reverse lettering 伍 원 1945년 화폐위조자는 전시법령에 처벌함
(Translation: Five Won, 1945, Money counterfeiters will be punished by wartime laws and regulations)
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These notes were printed by Soviet military authorities in April 1945, before the formal surrender of Japan, in anticipation of the occupation of northern Korea. They are often called "Red Army won" or Soviet occupation currency, issued under military command rather than any Korean civil authority — there was no Korean central bank to issue them. The series circulated alongside Japanese colonial yen and was not immediately distinguishable to ordinary Koreans as a fundamentally different instrument.

Inflation followed quickly. By 1947 the notes had been largely displaced by the new currency of the emerging northern administration.

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