North Korean Won
a.k.a. KPW
North Korea's currency, which is tightly controlled and essentially untradeable abroad.
In plain English
North Korea's currency, which is tightly controlled and essentially untradeable abroad.
The North Korean won (KPW) is North Korea's money. It is a non-convertible currency: the state controls it completely, and there is no real international market for it. The official rate and the black-market rate have historically been worlds apart. In practice it is a curiosity, not something any trader can touch.
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