South Korean hwan

Infobox Currency
currency_name_in_local= _ko. 대한민국 환 ko icon _ko. 大韓民國圜 (Hanja)
using_countries=Republic of Korea
subunit_ratio_1=1/100
subunit_name_1=jeon (전/錢)
subunit_inline_note_1=Never used
no_plural = Y
used_banknotes=1, 5, 10, 50, 100, 500, 1000 hwan
used_coins=10, 50, 100 hwan
issuing_authority=Bank of Korea
issuing_authority_website=www.bok.or.kr
printer = Korea Minting and Security Printing Corporation
printer_website = www.komsep.com
mint = Philadelphia Mint
mint_website =
obsolete_notice = Y

The hwan (圜, 환) was the currency of South Korea between February 15 1953 and June 9 1962.

History

Due to the devaluation of the first South Korean won (from 15 won to the U.S. dollar in 1945 to 6000 won to the dollar in 1953), the hwan was introduced in 1953 at the rate of 1 hwan = 100 won. The hwan was nominally subdivided into 100 "jeon" but the lowest denomination issued was 1 hwan. The hwan also suffered from inflation and a series of devaluations occurred.

Korean printed notes

ee also

*List of Korea-related topics
*Economy of South Korea
*History of South Korea

References

*numis cite SCWC|date=1991
*numis cite SCWPM|date=1994

External links

Standard numismatics external links
world_coin_gallery_1_url = Skorea
world_coin_gallery_1_name = Korea
banknote_world_1_url = korea_south
banknote_world_1_name = Korea, South
dollarization_1_url = asia
dollarization_1_name = Asia
gfd_1_url = Korea
gfd_1_name = Korea
gfd_data_1_url =
gfd_data_1_name =
show_gfd_excel = Y
*ko icon [http://www.bok.or.kr/template/main/html/index.jsp?tbl=tbl_FM0000000066_CA0000000506 Bank of Korea, "1953-1962 banknotes"]
* [http://www.bok.or.kr/template/eng/html/index.jsp?tbl=tbl_FM0000000066_CA0000001019 Bank of Korea, "A Brief History of Korean Currency"]
* [http://www.bok.or.kr/template/eng/html/index.jsp?tbl=tbl_FM0000000066_CA0000001020 Bank of Korea, "Currency Issue System"]