KOREA-NORTH
April 20th, 2010 | 
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The Democratic Peoples Republic of Korea, situated in northeastern Asia on the northern half of the Korean peninsula between the Peoples Republic of China and the Republic of Korea, has an area of 46,540 sq. mi. (120,540 sq. km.) and a population of 20 million.Unknown ObjectCapital: Pyongyang. The economy is based on heavy industry and agriculture. Metals, minerals and farm produce are exported.
Japan replaced China as the predominant foreign influence in Korea in 1895 and annexed the peninsular country in 1910. Defeat in World War II brought an end to Japanese rule. U.S. troops entered Korea from the south and Soviet forces entered from the north. The Cairo conference (1943) had established that Korea should be free and independent. The Potsdam conference (1945) set the 38th parallel as the line dividing the occupation forces of the United States and Russia. When Russia refused to permit a U.N. commission designated to supervise reunification elections to enter North Korea, an election was held in South Korea which established the Republic of Korea on Aug. 15,1948. North Korea held an unsupervised election on Aug. 25, 1948, and on Sept. 9, 1948, proclaimed the establishment of the Democratic Peoples Republic of Korea.
NOTE: For earlier coinage see Korea.
MONETARY SYSTEM
100 Chon = 1 Won
MINT: Pyongyang
CIRCULATION RESTRICTIONS
W/o star: KM#1-4 – General circulation
1 star: KM#5-8 – Issued to visitors from Communist countries.
2 stars: KM#9-12 – Issued to visitors from hard currency countries.
DATING
In the year 2001 the North Korean adopted the “Juche” dating system which is based on the birth year of Kim II Sung, founder of North Korea. He was born in 1911. “Quel” refers to month and “Quil” refers to day. 9 Quel 3 Quil refers to September 3rd. The western dates on these coins follow the “Juche” date in parenthesis.
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