FinanceCurrency

South Korea - the currency, industry and economic situation of the country

Vona is the monetary unit that is issued by South Korea. Currency State from the progressive Asia-Pacific region is significant A means of exchanging the values of the entire world economic system. After all, Koreans seize an increasing number of markets with their high-quality high-tech products. This state with a market system of economic relations stably exports a huge number of services and goods, thereby enabling its own population to live at a high social level. Such a course of affairs is related to the country, of course, with unequivocal successes in various sectors of industry, economy, culture and science of the Republic of Korea, the currency   Which is one of the main ways to the well-being of this beautiful and long-suffering, and most importantly, independent state. After all, how can we follow to well-being without a well-thought-out and organized system for the exchange of values? However, this state, although it is an Asian "tiger", demonstrating economic miracles, but still it has a certain number of unresolved social problems. Since the absence of pensions, corruption, an unresolved conflict with its northern neighbor is also South Korea. Currency, rate Which is not exemplary, perfectly reflects the problems of the state, not presented to the international community. Vona once experienced several devaluations, as a result of which, even thousands of banknotes are used in active usage . Thus, to date, the currency of Korea to the ruble is correlated by central banks as 33.23 KRW for 1 RUB.

The nominal value of the currency units of the Korean "tiger"

Vaughn as a currency with a weak purchasing power has a significant amount of zeros on those monetary units that can be exchanged in the country for any significant goods or services. To date, banknotes in denominations of 50,000, 10,000, 5,000 and 1,000, as well as coins of 500, 100, 50, 10, 5 and 1 won are the form of the financial value exchange potential emitted by South Korea. Currency Of the country is designated on the "Forex" market by the bank code KRW. It is also assigned the code of the International Organization for Standardization ISO 4217.

History of Korean money

The history of Won is very small. The operation to introduce modern money of South Korea was deployed by the government of the country in the not so distant 1962. It lasted neither much nor little - until 1975, when the turnover in the country was The last hvana (the previous means of exchange of values in the region) was seized. Since that time, South Korean money has been repeatedly devalued and devalued. In 1980, Won started the transition to a free floating exchange rate, and already in 1997 it was completed and fixed by an agreement with the International Monetary Fund. Today in our country even children know about a small republic that produces various gadgets, air conditioners and cars, called South Korea. Its currency is not yet heard by Russian citizens, but many will agree that, given the dynamics of the development of the republic with the conquest of a large number of high-tech, profitable markets, the future growth of Wons influence on the world financial sector is possible in the near future. We'll see - we'll see.

Similar articles

 

 

 

 

Trending Now

 

 

 

 

Newest

Copyright © 2018 en.birmiss.com. Theme powered by WordPress.