Friday, May 20, 2011

Korea exchange currency 100 old currency exchange currency for the new $ 1

DPRK Foreign Ministry officials on 1 December in Pyongyang in North Korea mission that, from 30 November, the original Korean currency to cease using, will replace the new currency.

The official said that this is the Korean Government has recently made the decision. In accordance with this decision, replacing the monetary times are from 30 November to 6 December. Old currency exchange rate with the new currency is 100 to 1, that is, 100 old currency exchange for 1 element of the new currency. Foreigners holding old currency can take personal passport since November and the exchange of evidence going to the Bank to Exchange. But he did not mention the specific reasons for replacing the currency.

Korean old currency banknotes in denominations of $ 5000, $ 1000, 500, 200, 50, coins come in denominations of $ 100 and $ 50. The new currency of denomination is not clear.

Journalists in Pyongyang, due to replace the currency, the shop has suspended business activities, waiting for the new commodity pricing. Number of salesman told reporters that the new pricing of goods not yet released, and therefore cannot be obtained, a week later you can return to normal.

Korean media has not yet been reported to replace the currency of the message. The last change time is the currency in 1992.

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