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Won of the Red Army Command

Won of the Red Army Command (Korean: 붉은 군대 사령부의 원; MR: Pulgŭn kundae saryŏngbuŭi wŏn; 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.

Won of the Red Army Command
붉은 군대 사령부의 원
1 won - front1 won - back
Denominations
Banknotes1, 5, 10, 100 won
CoinsNot issued
Demographics
Date of introduction3 September 1945
Date of withdrawal6 December 1947
Replaced byNorth Korean won
User(s)Soviet Union Korea under Soviet control
North Korea
Issuance
Central bankCommand of the Red Army in Korea
This infobox shows the latest status before this currency was rendered obsolete.

History

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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 The Won of the Red Army Command was not withdrawn from circulation during the reform, but its further release was discontinued.[1][2][3]

List of banknotes

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Вона Командования Красной армии
붉은 군대 사령부의 원
Won of the Red Army Command
Picture Value Colour Size
1 green 124х67 mm
5 brown 134х77 mm
10 violet 156х83 mm
100 pink 168х94 mm

See also

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References

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Bibliography

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  • Сенилов, Б.В. (1991). Военные деньги Второй мировой войны. М.: Финансы и статистика. p. 123.
  • Cuhaj, G.S. (2008). Standard Catalog of World Paper Money. General Issues 1368—1960 (12-е изд ed.). Iola: Krause Publications. p. 1223. ISBN 978-0-89689-730-4.
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