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Country Guide > East Asia > Korea (Democratic Peoples Republic Of) | |
Currency Won (Won) = 100 chon. Notes are in denominations of Won100, 50, 10, 5 and 1. Coins are in denominations of Won1, and 50, 10, 5 and 1 chon. Currency exchange Currencies may be changed at the Trade Bank (Mon-Sat 0900-1200 and 1400-1700) or at some hotels. Convertible currencies include Australian, Hong Kong and US Dollars, Euros, Pounds Sterling and Yen. Note Hotels tend to only accept cash payments in local currency whilst shops prefer US Dollars. Credit & debit cards Main hotels in Pyongyang will accept credit and debit cards such as Mastercard and Visa. However, American Express is not usually accepted. Travellers cheques Generally not accepted. However, US Dollars are often accepted as an alternative method of payment. Currency restrictions The import and export of local currency is prohibited. The import and export of foreign currency is unrestricted, subject to declaration on arrival. Exchange rate indicators The following figures are included as a guide to the movements of the Won against Sterling and the US Dollar:
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