50,000 Korean won bills account for 84.6% of total banknote value in circulation: BOK
- 5 years ago
5만원권 도입 10년...지폐 비중의 84.6% 차지
Ten years have passed since South Korea first distributed its 50-thousand won bills, but they now account for almost 85 percent of the value of all banknotes in circulation in the country.
The Bank of Korea said last month that the bills made roughly 37 percent of all bills, and that they had a combined value of over 83 billion U.S. dollars.
South Korea began printing the largest denomination bill, worth some 42 dollars, 50 cents each, in June 2009.
Nearly four billion of them have been printed over the past ten years.
Ten years have passed since South Korea first distributed its 50-thousand won bills, but they now account for almost 85 percent of the value of all banknotes in circulation in the country.
The Bank of Korea said last month that the bills made roughly 37 percent of all bills, and that they had a combined value of over 83 billion U.S. dollars.
South Korea began printing the largest denomination bill, worth some 42 dollars, 50 cents each, in June 2009.
Nearly four billion of them have been printed over the past ten years.