Central Banking

Survey shows Seoul residents favour W100,000 notes

SOUTH KOREA - Eight out of every 10 people in Seoul are in favour of the circulation of banknotes denominated 50,000 won and 100,000 won, according to a survey Wednesday.

A survey of 832 Seoul residents by the Korea Chamber of Commerce and Industry (KCCI) showed that 81.3 percent backed the idea of introducing two bigger banknotes.

In the same survey in 2000, only 65.3 percent supported the use of banknotes denominated 50,000 won and 100,000 won

About 45 percent demanded both 50,000 won and 100,

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