|
WordNet-Online
Definitions from WordNet | ||||
Definitions from the WebNorth Korean Monetary UnitDescriptionThe North Korean Monetary Unit refers to the currency used in North Korea, officially known as the Democratic People's Republic of Korea (DPRK). The monetary unit of North Korea is the North Korean won (₩), which is issued by the Central Bank of the Democratic People's Republic of Korea. The currency is primarily used for financial transactions within the country. Senses and UsagesSense 1: Currency of North KoreaThe North Korean won (₩) is the official and only currency used in North Korea. It is denoted by the symbol ₩ and is used for various transactions, including buying goods and services, paying wages, and conducting trade within the country. Sample sentence: I exchanged my US dollars for North Korean won at the bank before traveling to Pyongyang. Sense 2: Economic StabilityThe North Korean monetary unit plays a crucial role in the country's economic stability and internal financial system. It reflects the economic conditions of North Korea and the monetary policies implemented by the government. Sample sentence: The fluctuations in the North Korean monetary unit have significant impacts on the country's economy. Sense 3: Conversion Rates and ExchangeConversion rates and exchange systems for the North Korean monetary unit vary outside the country due to international sanctions and restrictions on trade. The availability and exchange rates of North Korean won can be limited in foreign markets. Sample sentence: When traveling abroad, it can be difficult to find a place to exchange North Korean won for other currencies. Related ProductsExplore related products on Amazon for a deeper understanding of North Korea's economy and its monetary unit: | ||||
north equatorial current north frigid zone north germanic north germanic language north island north island edelweiss north korea north korean north korean monetary unit north korean won north northeast north northwest north pacific north peak north platte north platte river north pole
|