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50,000 Won Bills Account for 80 Pct of Value of All Banknotes in Circulation

50,000 Won Bills Account for 80 Pct of Value of All Banknotes in Circulation

SEOUL, Jan. 10 (Korea Bizwire) — Of all banknotes in circulation in South Korea last year, 50,000 won (US$46.70) bills accounted for just over 80 percent of the total value, as demand for the largest-denominated note jumped, according to the central bank Tuesday. There was 85.5 trillion won worth of outstanding 50,000 won notes in [...]