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5 Won Blue stamp; non-convertible (Socialist) currencies, 2nd issue

Uitgever Central Bank of the Democratic People's Republic of Korea
Jaar 1986
Type Exchange certificates
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Opschrift voorzijde 조선민주주의인민공화국
중앙은행
5 오원
(Translation: Democratic People's Republic of Korea, The Central Bank, Five Won)
Beschrijving keerzijde Central landscape vignette of the Taebaek Mountains with cascading waterfalls and Mount Kumgang rising at centre. A green intaglio seal is present on the face. Denomination numerals and Korean-script legends frame the composition.
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Opmerkingen

The 1978 North Korean currency reform introduced a dual-currency system that separated foreign visitors from the domestic economy — but by 1986, the regime had gone further, subdividing the visitor-facing currency itself by nationality. Notes for socialist-bloc visitors were overprinted with a blue stamp, while capitalist-country visitors received red-stamped equivalents at a punitive exchange rate. This note belongs to the socialist tier: theoretically exchangeable at parity with the domestic won, but still barred from use in ordinary North Korean shops.

The system effectively quarantined foreign currency flows into state-controlled dollar shops. It collapsed quietly in the 1990s as the Soviet subsidy network disintegrated.

MISSCHIEN OOK INTERESSANT