Won is the currency that South Korea issues. Currency of this state from the progressive Asia-Pacific region is significant
a means of exchanging the values of the entire world economic system. After all, Koreans are capturing an increasing number of markets with their high-quality high-tech products. This state with a market system of economic relations is steadily exporting a huge amount of services and goods, thereby enabling its own population to live at a high social level. Such a course of affairs in the country is connected, of course, with unequivocal successes in various
sectors of industry, economy, culture and science of the Republic of Korea, currency
which is one of the main ways to the well-being of this beautiful and long-suffering, and most importantly, independent state. After all, how can one follow to well-being without a well-thought out and organized system of exchange of values? However, this state, although it is an Asian “tiger,” demonstrating economic miracles, still has a certain number of unresolved social problems. Since there are no pensions, corruption, unresolved conflict with the northern neighbor - this is also South Korea. Currency, rate
which is not exemplary, perfectly reflects the problems of the state, not presented to the international community. Vaughn at one time experienced several devaluations, as a result of which even
thousandth banknotes are used in the active routine of the population
. Thus, today the
currency of Korea to the ruble is correlated by central banks as 33.23 KRW per 1 RUB.
Face value of the Korean "tiger"
Won as a currency with weak purchasing power has a significant amount of zeros on those monetary units that can be exchanged in the country for any significant goods or services. Today, banknotes in denominations of 50,000, 10,000, 5,000, and 1,000, as well as coins of 500, 100, 50, 10, 5, and 1 won are the form of financial value-sharing potential that South Korea emits. Currency countries is indicated on the "Forex" market by KRW bank code. It is also assigned the code of the International Organization for Standardization ISO 4217.
History of Korean money
Won’s history is very small. The operation to enter modern money in South Korea was launched by the government of the country back in the not-so-distant 1962. It lasted no less - until 1975, when out of circulation in the country were
the last hvans (previous means of exchanging values in the region) were seized. Since then, South Korean money has been devalued and devalued more than once. In 1980, she began the transition to a free
floating exchange rate, and already in 1997 it was completed and secured by an agreement with the International Monetary Fund. Today in our country, even children know about a small republic that produces various gadgets, air conditioners and cars, called South Korea. Although its currency has not yet been heard by Russian citizens, many will agree that, given the dynamics of the development of the republic with the conquest of a large number of high-tech profitable markets, future growth of the won’s influence on the global financial sector is possible in the near future. Wait and see.