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These were in denominations of 1, 5, 10, and 100 won.These were discontinued shortly after Soviet forces withdrew and recognized the newly independent state.These coins were less impressive compared to the older series, being very plain and generic in design.
The 50 chon and 1 won were smaller than the previous designs, while the new 10 chon was the same size as the old.
In February 2010, some of the curbs on the free market were eased and a senior party official sacked after incidents of unrest.
The first North Korean coins for circulation were minted in 1959 in the denominations of 1, 5, and 10 chon.
After 2003, these coins were rarely seen in circulation but were still redeemable.
Later, a new set of coins was introduced in 2005 in denominations of 5, 10, 50, and 100 won.
; symbol: ₩; code: KPW) or Korean People's won is the official currency of North Korea. The won is issued by the Central Bank of the Democratic People's Republic of Korea, based in the capital city, Pyongyang.