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50.000 Won

Issuer Central Bank of the Democratic People's Republic of Korea
Year 2022
Type Standard circulation banknote
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Obverse lettering 조선민주주의인민공화국
중앙은행
돈 표
주체111(2022)년
50000
오만원
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Protection type Security thread, Serial number
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Comments

North Korean banknotes issued after 2009 — the year of the catastrophic currency redenomination that wiped out household savings overnight — exist in a peculiar documentary limbo. The redenomination allowed citizens to exchange old won for new at a 100:1 ratio, capped at amounts that effectively confiscated private savings above a modest threshold. Public unrest was severe enough that a senior party official was reportedly executed the following year in connection with the policy's fallout.

The 50,000 won face value is notable: high-denomination notes in DPRK circulation have historically functioned more as stores of value or elite transaction instruments than everyday currency, given that average monthly wages remain a fraction of this sum. Pick 69 is thinly documented in Western catalogs — export and collector acquisition channels are narrow, and authentication remains a genuine concern given the state's history of producing high-quality foreign currency counterfeits.

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