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50 Won Red stamp; Convertible (Western) currencies
| Issuer | Central Bank of the Democratic People's Republic of Korea |
|---|---|
| Year | 1983 |
| Type | Exchange certificates |
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| Obverse description | Central vignette of four allegorical figures — a soldier, a peasant woman holding wheat, a partisan bearing a torch, and a figure with a book symbolising national progress — set within a guilloche border. Denomination numeral and Korean inscriptions appear at left and right. |
|---|---|
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| Reverse description | Central landscape vignette of a serene lake with conifers in the foreground and snow-capped mountains in the background, flanked by floral sprays at lower left and a fruit-laden branch at right. A red rosette stamp inscribed 외화와바꾼돈 appears at lower right, with denomination cartouches at each lower corner. |
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| Comments |
North Korea operated a parallel currency system for foreign visitors beginning in the early 1980s, issuing convertible won notes denominated to segregate "hard currency" holders — those exchanging Western currencies — from socialist-bloc tourists, who received a separate series with different overprints. This note, distinguished by its red stamp, belongs to the Western convertible category and was never intended for domestic circulation among North Korean citizens, who had no legal access to it.
The segregation was enforced at the point of exchange and monitored through the Changgwang Credit Bank. Leftover notes could not legally be reconverted into foreign currency at departure, a policy designed to extract hard currency from visitors with no recourse.