3,000 won is equal to 16 RMB. The basic unit of the won is the won. What is the monetary unit in Korea? Chinese characters are written in yuan or yuan, and pinyin is expressed in won. Sometimes I use my old name. ISO 42 17 defines its standard code as KRW.

The total number of Korean coins is 1 won, 5 won, 10 won, 50 won, 100 won, 500 won and 6 currencies.

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In the past, the only way to change won was to change dollars first, and then go to South Korea with dollars to change won. The exchange rate of RMB against the US dollar is relatively stable, because the People's Bank of China linked the RMB to the US dollar, and the exchange rate of RMB against the US dollar remained basically unchanged when the exchange rates of other currencies fluctuated greatly.

After the exchange rate reform, the People's Bank of China announced that the RMB was linked to a basket of currencies such as the US dollar and the euro, but other currencies accounted for a small proportion. Therefore, in South Korea, if RMB is converted into won, in fact, the bank's operation is to convert RMB into US dollars and then into won. Consumers have to pay the difference twice and get relatively little won.

At present, domestic banks have officially started the two-way cash exchange business of Korean won (KRW), and the Korean won has officially joined the foreign currency column of RMB foreign exchange quotation. China Bank is the first bank in China to be allowed to offer two-way cash exchange of won.