Pound Sterling to North Korean won — exchange rate

Country of Circulation: United Kingdom, Guernsey, Isle of Man, Jersey

Currency Code, Symbol: GBP, £

Denominations of coins in circulation: 1p, 2p, 5p, 10p, 20p, 50p, £1, £2

Denominations of banknotes in circulation: £1, £5, £10, £20, £50, £100

History: The British pound or pound sterling (symbol: £, code: GBP, number: 826) is the national currency of the United Kingdom of Great Britain. It is an official currency of Gibraltar, the Falkland Islands, Saint Helena. The GBP abbreviation is used to identify £ in the international financial arena.Change is called pence, also known as British pennies. One GBP has 100 pennies. It is one of the oldest world currencies. The currency was issued in 1694, replacing the East African rupee. In spite of mass euro introduction on the European territory, Great Britain refused to get rid of its local currency. Pound sterling has remained the main reserve currency for many governments for a long time.Read More

Country of Circulation: North Korea

Currency Code, Symbol: KPW, ₩

Denominations of coins in circulation: 1, 5, 10, 50 chon, ₩1

Denominations of banknotes in circulation: ₩100, ₩200, ₩500, ₩1000, ₩2000, ₩5000

History: The North Korean won (₩) is the official currency of North Korea. The KPW abbreviation is used in the international currency arena. Chon is a coin that serves as change for the North Korean won.Every KPW consists of 100 chon. The won has been the official currency since 1947. It has replaced the Korean yen. The currency is used solely for domestic operations among citizens. There is a special currency for foreign guests. Interestingly, the term “won” is related to “yen” (Japanese money ¥) and denotes a round shape.Read More