What is the monetary unit in Korea? Chinese characters are written as "circle" and pinyin means "win" (? )。 Sometimes the old name "Ba" (? The international organization for standardization ISO 42 17 defines its standard code as KRW.
The official currency of South Korea, the won, is divided into banknotes and coins.
There are four kinds of paper money: 1000 won, 5,000 won, 10000 won, 50,000 won. There are six kinds of coins: 1, 5,10,50,100,500 won.
Commonly used and most commonly used are10,50,100,500 won.
Extended data:
Favorable aspects of RMB appreciation
1, a country's currency can appreciate, which generally shows that the country's economic situation is good. Because under normal circumstances, only when the economy grows healthily and steadily can the currency appreciate. This stable and constantly appreciating currency brought by good economic conditions is very attractive to foreign investment.
China still has a high foreign trade surplus and huge foreign exchange reserves, and China's economic growth is still the most interesting scenery in the world, so the long-term trend of currency appreciation will not change.
3. It is conducive to reducing the pressure of debt repayment. With the rise of RMB exchange rate, the amount of local currency required for servicing outstanding foreign debts will decrease accordingly, thus reducing the foreign debt burden to some extent.
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