The Central Bank of the Democratic People's Republic of Korea is the central bank of North Korea. Established on December 6, 1947, it issues the North Korean won. The bank is subordinated to the Cabin
Central Bank of the DPRK
Bank of Chōsen
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The Bank of Chōsen, known from 1909 to 1911 as the Bank of Korea and transcribed after 1945 as Bank of Joseon, was a colonial bank that served as bank of issue for Korea under Japanese rule as well as
Central Bank of the Democratic People's Republic of Korea
…assumed the power, when financial and banking reforms separated the central bank from commercial functions. In December 1945, the Pyongyang branch of the Bank of Chōsen created a temporary monetary office, known as the "calculation office". On 9 January 1946, the central bank of North Korea was created with use of all…
Head office in Keijō, before 1945
Ichihara Morihiro (1858-1915), the first president of the Bank of Korea / Bank of Chōsen
Aerial view of the Bank of Chōsen's head office (center) in the late 1910s. Also visible are the Keijō Post Office (completed 1915) on the right and the newly extended Jongno in the background, with the first Seoul City Hall (behind the bank) and the Chōsen Hotel (1914, behind the Post Office)
Head office upon completion in 1912