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Won of the Red Army Command
1945–1947 currency in North Korea From Wikipedia, the free encyclopedia
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Won of the Red Army Command (Korean: 붉은 군대 사령부의 원, romanized: bulg-eun gundae salyeongbuui won; Russian: Вона Командования Красной армии, romanized: Vona Komandovaniya Krasnoy armii) were banknotes issued by the Soviet military command in North Korea and circulated from 1945 to 1947 in parallel with the Korean yen, and then with the DPRK won.
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History
After liberation from Japanese forces, Korea was divided into two zones under the control of the American and Soviet military commanders. The zone dividing line ran along the 38th parallel. In circulation in both zones, the Korean yen continued to be used, the issue of which was made by the Bank of Joseon, located in the American zone of occupation, which did not give the Soviet military command the opportunity to use the issue of the bank to cover the costs of maintaining troops. In October 1945, 1, 5, 10 and 100 won banknotes were issued on behalf of the Red Army Command. The banknotes bear the date "1945" and the text is in Korean. The issue of banknotes was mainly limited to the locations of Soviet military units.
In December 1947, a monetary reform was carried out in North Korea, and the North Korean won was introduced instead of the Korean yen. The Won of the Red Army Command was not withdrawn from circulation during the reform, but its further release was discontinued.[1][2][3]
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List of banknotes
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