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mika-r · 04-05-2005, 10:23

Hier die infos zum 200er:
North Korea Issues 200-Won Banknote

By Choi Kyong-ae
Staff Reporter

North Korea issued a new bill with a face value of 200 won early this year, hinting that market opening is picking up in the reclusive North, a local auction company said Tuesday.

NK Auction, a cyber marketplace where North Korean products are traded, Tuesday made the new 200-won bill public on its online bulletin. The bill has an anti-forgery feature in it.

Unlike the present ones which have the portraits of North Korean founder Kim Il-sung or his son Kim Jong-il, the new bill has a magnolia, the national flower of North Korea, on it.

``Rumors had it that the North would unveil the bill around February 16, the birthday of North Korean leader Kim Jong-il,” Kim Young-soo, political science professor at Sogang University, said.

He said the issuance of the bill signifies the North’s efforts to revive its almost moribund economy by further encouraging a ``market economy.’’

Other experts echoed that perception, viewing the flow of cash and economic reform in the North will get a boost from the issuance of new bills, including the 200-won bill.

``As a means of trade, money is becoming more significant in the centrally-planned economy, where money was once regarded as not significant,’’ Nam Song-wook, a North Korean expert, said.

Choi Soo-young, another expert at the Korea Institute for National Unification, said that despite the North’s limited productivity the country seems to have issued new bills, reflecting rising wages and consumer prices.

``However, it will be difficult for the North to keep inflation in check without improving productivity,” Choi said.

Since July 2002 when the North began its economic reform, smaller bills have been replaced with bigger ones ranging from 500 won to 10,000 won.

The North Koreans usually use 100 won, 500 won and 1,000 won and bigger bills such as 5,000 won and 10,000 won are for banks or other financial institutions.

Quelle: http://times.hankooki.com/lpage/biz/...8093911910.htm

04-05-2005, 10:23	#151 (permalink)
mika-r	Hier die infos zum 200er: North Korea Issues 200-Won Banknote By Choi Kyong-ae Staff Reporter North Korea issued a new bill with a face value of 200 won early this year, hinting that market opening is picking up in the reclusive North, a local auction company said Tuesday. NK Auction, a cyber marketplace where North Korean products are traded, Tuesday made the new 200-won bill public on its online bulletin. The bill has an anti-forgery feature in it. Unlike the present ones which have the portraits of North Korean founder Kim Il-sung or his son Kim Jong-il, the new bill has a magnolia, the national flower of North Korea, on it. ``Rumors had it that the North would unveil the bill around February 16, the birthday of North Korean leader Kim Jong-il,” Kim Young-soo, political science professor at Sogang University, said. He said the issuance of the bill signifies the North’s efforts to revive its almost moribund economy by further encouraging a ``market economy.’’ Other experts echoed that perception, viewing the flow of cash and economic reform in the North will get a boost from the issuance of new bills, including the 200-won bill. ``As a means of trade, money is becoming more significant in the centrally-planned economy, where money was once regarded as not significant,’’ Nam Song-wook, a North Korean expert, said. Choi Soo-young, another expert at the Korea Institute for National Unification, said that despite the North’s limited productivity the country seems to have issued new bills, reflecting rising wages and consumer prices. ``However, it will be difficult for the North to keep inflation in check without improving productivity,” Choi said. Since July 2002 when the North began its economic reform, smaller bills have been replaced with bigger ones ranging from 500 won to 10,000 won. The North Koreans usually use 100 won, 500 won and 1,000 won and bigger bills such as 5,000 won and 10,000 won are for banks or other financial institutions. Quelle: http://times.hankooki.com/lpage/biz/...8093911910.htm