North Korea to issue a new 5,000 won banknote (2)

Just recently there was news on a new 5,000 won banknote from North-Korea. The new note would include an image of the former leader Kim Jong-Il on the front.

It seems those plans have changed because the latest news (or rumour) is that the image of "Eternal President" and founder of the country Kim Il-Sung will be removed from the 5,000 won note and replaced by an image on the front of the house at Mankyungdae where official propaganda says Kim was born, and the back contains an image of the International Friendship Exhibition at Mt Myohang.

The Guardian continues: "(...) sources inside North Korea say they believe a 10,000 won bill could be put into circulation in due course, and that the new bill, when it appears, will once more feature the likeness of Kim Il-sung. Such a step would be economically logical, since inflation continues to eat away at the value of the Korean People’s Won. For the time being, however, it is unclear when such a new bill will appear, if at all. Daily NK sources asked banking officials about the possibility, but were told: 'Don’t ask'."

Here is another fun read explaining this last option which would make a new 10,000 won note a real option.

Update 14-08-2014: image below is from banknotenews.com:

Steven Wednesday 13 August 2014 at 10:18 am | | news
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