Showing 4 items matching currency korea
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Waverley RSL Sub Branch
Korean Currency and N.A.T.O. Forces Notes
... Currency Korea... currencies are still worth more in North Korean wŏn on the black...5 Currency notes issued by Korean Government and R.A.A.F... melbourne Korean Currency and N.A.T.O. Forces Notes 5 Currency notes ...Used during Korean War Won (1947-) Main article: North Korean won After the division of Korea, North Korea continued using the Korean yen for 2 years until the Central Bank of the Democratic People's Republic of Korea was established on December 6, 1947 and a new currency was issued. It was at the time pegged at par to the Soviet ruble. It was revalued at a rate of one hundred to one in February 1959 and new won were issued. In the following years the won faced some devaluation, caused by the subsequent devaluation and redenomination of the Soviet ruble. From 1978 to 2001, the North Korean government maintained an iconic rate of 2.16 won to the US dollar; since then banks in the country exchange at rates closer to the black market rate. However, rampant inflation has been eroding the North Korean wŏn's value to such an extent that currently it is believed to be worth about the same as the South Korean wŏn. In any case, the U.S. dollar and other currencies are still worth more in North Korean wŏn on the black market than officially. South Korean currencies[edit] Won (1945-1953)[edit] Main article: South Korean won (1945) Following the end of the division of Korea, the won was introduced to replace the Korean yen. The won was subdivided in 100 jeon. The first banknotes were issued by the Bank of Joseon in denominations ranging from 5 jeon to 100 won. In 1950 the currency management switched to the Bank of Korea and new notes were then issued, mostly with higher denominations. The first note put in circulation by the Bank of Korea in 1950 was printed in Japan by the National Printing Bureau (国立印刷局). The next year the Korea Minting and Security Printing Corporation was created and took over as printer of South Korean currency. At the time of the introduction in 1945 the won was pegged to the Japanese yen at a rate of 1 won = 1 yen. In October of the same year the anchor currency got change to the US dollar at a rate of 15 won = 1 dollar. Toward the end of the Korean War the won was devaluated at 6000 won = 1 dollar. Following that the hwan was introduced as the new currency at a rate of 1 hwan = 100 won. Hwan (1953-1962)[edit] Main article: South Korean hwan Due to devaluation of the won the hwan was introduced on February 15, 1953 at the rate of 1 hwan = 100 won. It was subdivided in 100 jeon, but they were never used. New banknotes in denominations between 10 and 1000 hwan were issued. Starting in 1959, 10 and 50 hwan coins were also issued to replace the lower denomination notes. Those were the first circulating coins in South Korea. Due to the short notice of the change in currency, the first series of the new notes was commissioned from the United States Government Printing Office. The notes were released in five denominations, all with an identical design. Some replacement notes with a more suited Korean theme were later issued, starting with the 100 hwan just a month later. The hwan suffered from inflation as well. At its introduction, it was pegged to the United States dollar at 1 dollar = 60 hwan, but toward the end of its life it was devaluated at 1 dollar = 1250 hwan. In 1962, the won was reintroduced at the rate of 1 won = 10 hwan. The 10 and 50 hwan coins were kept in circulation until March 22, 1975.5 Currency notes issued by Korean Government and R.A.A.F. denominations of 100, 100 Won and 1 shilling国立印刷局, currency korea, money korea, money korean war -
Dandenong/Cranbourne RSL Sub Branch
Currency - Various memorial coins
Our Legends 25 cent coin: OBVERSE Portrait of the Queen Elizabeth II in the field of the coin. Lettering: ELIZABETH II AUSTRALIA 2016 IRB. REVERSE Depiction of a Victoria Cross Medal. 50th anniversary of the end of the Korean war coin: The coin design background of vertical lines replicates the stainless steel poles which are a major feature of the design of the Australian National Korean War Memorial in Canberra. The 'Dove of Peace' is shown between the floral emblems of South Korea and Australia. 1915 Gallipoli Coin: The Royal Australian Mint released the 2005 One Dollar Coin commemorating the 90th anniversary of the ANZAC landing on Gallipoli. The design of the coin has a silhouette image of an Australian bugler. This design is very plain and simple, but it portrays its message - ‘Lest We Forget. The image captures the ‘sounds of the last post being played as the sun sets over the beaches of Gallipoli. Whilst commemorating the 90th anniversary of Gallipoli, the image of the bugler is the highly relevant in relation to all conflicts in which Australia has fought. Centenary of the Australian Army coin: This coin is being minted in memory of those who have given their lives in the past and those who still serve for our country today. The $1 coin displays the Army crest, also referred to as the "rising sun" crest. -
Montmorency/Eltham RSL Sub Branch
Currency - Bank note, Korean, 100 Won
... of Gyeongbokgung Palace, 100 and other Korean writing also the number ...100 Won is a cream coloured bank note with brown and pale blue/grey printing on it. On the front side is a picture of the main gate of Gyeongbokgung Palace, 100 and other Korean writing also the number in brackets (128) in red ink On the reverse side it says The Bank of Korea and 100 and 100 won -
Montmorency/Eltham RSL Sub Branch
Currency - Bank note, Korean, 1000 Won
... on it. Currency Bank note, Korean, 1000 Won ...1000 Won is a cream coloured bank note with dark green printing on it. On the front side is a picture of President Rhee, 1000 and other Korean writing also the number in brackets (71) in red ink On the reverse side it says The Bank of Korea and 1000 won