damaged banknotes Archives

Volume of Damaged Banknotes Dips in H1 amid Pandemic

SEOUL, Aug. 13 (Korea Bizwire) — Both volume and face value of damaged banknotes found in South Korea dipped in the first half of this year as people used cash less amid a non-contact consumption trend due to the COVID-19 pandemic, the central bank said Friday. In the January-June period, the face value of damaged [...]

BOK Replaces 640 mln Damaged Bills, Coins in 2019

SEOUL, Jan. 15 (Korea Bizwire) — The number of banknotes and coins destroyed due to damage or contamination reached a 10-year high in 2019, with the face value of the damaged bills and coins growing slightly from a year earlier, the central bank said Wednesday. The Bank of Korea (BOK) said it had to replace [...]