Wednesday 22 October 2014

Money

My country is Republic of Korea(South Korea) so we have two separate currencies, because we became divided, but both called 'won'. Korea cash is 4 paper money and 4 coins. First picture used from 1983-2002, second picture is using since 2006 but last paper money that is yellow color is using since 2009. Now we can't see first picture's paper money. 1000 won is about 1 dollar, 5000 won is about 5 dollar, 10000 won is about 10 dollar, and 50000 won is about 50 dollar.



A monetary unit of Korea's coins is half a dozen coins but we don't use first and second coin so we are using only third to last coin. Third coin changed since 2006 but we can use both now. 10 won is about 1 cent, 50 won is about 5 cent, 100 won is about 10 cent, and 500 won is 50 cent.
 









I think almost Korean use debit card, all debit cards of Korea are visa debit, master debit and others, but some old people use credit card and cash. Also we usually don't pay maintain for bank account. If I compare the prices of specific items such as a cup of coffee, gas, food in Canada and my country, for example at Starbucks a caramel macchiato of grande size is 6100 won that is about 6.10 dollar, in Canada this is 4.99 dollar. Gasoline price is at 1700 won about 1.70dollar per liter, Canada is at 95 cents per liter. Food price is similar to Korea.

4 comments:

  1. In my country,we have five versions of paper money.

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  2. I'm interested whom is drawn to the paper money.

    ReplyDelete
  3. In your country, Starbacks's prices are expensive!!

    ReplyDelete
  4. Money in your country is very similar to Japan!!

    ReplyDelete