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There have been recurring proposals in the South Korean National Assembly to redenominate the won by introducing a new won or new unit, equal to 1,000 old won, and worth nearly one U.S. dollar. While proponents cite a more valuable currency unit better projects the strength of the nation's economy, a majority remain opposed to the idea.
The 50,000 won note has 22 security features, the 10,000 won note 21, the 5,000 won note 17, the 2,000 won note 10 and the 1,000 won note 19. Many modern security features that can be also found in euros , pounds , Canadian dollars , and Japanese yen are included in the banknotes.
US dollar This infobox shows the latest status before this currency was rendered obsolete. The won was the first South Korean currency and was in use from August 15, 1945, to February 15, 1953.
At the time of the introduction in 1945 the won was pegged to the Japanese yen at a rate of 1 won = 1 yen. In October of the same year, the anchor currency was changed to the US dollar at a rate of 15 won = 1 dollar. Toward the end of the Korean War the won was devaluated at 6,000 won = 1 dollar. Following that the hwan was introduced as the ...
In 1953, banknotes were introduced in denominations of 1, 5, 10, 100 and 1000 hwan. Some of these notes were printed in the U.S. and gave the denomination in English and Hangul as won. 500 hwan notes were introduced in 1956, followed by 1000 hwan in 1957 and 50 hwan in 1958.
1,000 Pesos 1989 Mexico: 50 ... Dollars 1993 Hong Kong: 1,000 Rupees 1993 ... Dollars 2004 British Virgin Islands: 1 Won 2004 North Korea: 5
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The $1,000,000 Chance of a Lifetime is an American game show which offered a $1 million grand prize to winning contestants.The show aired in syndication from January 6, 1986, until May 22, 1987.