Hwan Cho
Hwan can refer to: * South Korean hwan, a defunct currency * Hwan-guk, a mythical Korean nation * Hwan (name), Korean given name and name element See also *Huan (other) {{Disambiguation ...
[...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  

South Korean Hwan
The hwan was the currency of the Republic of Korea (South Korea) between February 15, 1953, and June 9, 1962. It succeeded the first South Korean won and preceded the second South Korean won. History Due to the devaluation of the first South Korean won (from 15 won to the U.S. dollar in 1945 to 6000 won to the dollar in 1953), the hwan was introduced in 1953 at the rate of 1 hwan = 100 won. The hwan was nominally subdivided into 100 ''jeon'' but the lowest denomination issued was 1 hwan. The hwan also suffered from inflation and a series of devaluations occurred. In 1962, the second South Korean won was reintroduced at a rate of 1 won = 10 hwan, after which inflation finally slowed down. Coins In 1959, coins were introduced in denominations of 10, 50 and 100 hwan. They were minted by the Philadelphia Mint. The 10 and 50 hwan coins continued to circulate until March 22, 1975, but the 100 hwan coins were withdrawn on June 10, 1962. Banknotes In 1953, banknotes were intro ...
[...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]