The Financial institution of Korea designates banknote and coin collection in a singular way. Instead of Placing These of comparable layout and concern dates in the identical series, it assigns sequence number X for the Xth style of a provided denomination.
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The South Korean won, occasionally generally known as the Republic of Korea received, will be the official currency of South Korea. An individual gained is split into one hundred jeon, the financial subunit. The jeon is no more employed for day-to-day transactions, and it seems only in overseas Trade charges.
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The Lender of Korea is the only real establishment in South Korea with the right to print banknotes and mint cash. The banknotes and cash are printed within the KOMSCO, a government-owned Company, underneath the steering with the Lender of Korea.
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