Central Bank of the DPRK
in North Korea 🇰🇵
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About Central Bank of the DPRK in North Korea
The Central Bank of the Democratic People's Republic of Korea is the central bank of North Korea. Established on December 6, 1947, it serves as the country's sole bank of issue, responsible for issuing the North Korean won currency.
The bank is subordinated to the Cabinet of North Korea and operates within the country's highly centralized, state-controlled economic system. It functions as the primary monetary authority, overseeing all national financial activities according to socialist principles and central planning directives.