North Korea issues coupons instead of cash


The North Korean central bank is printing coupons in place of standard banknotes to remedy a shortage of cash, according to media reports.

These coupons, known as tonpyo or donpyo, may reflect Covid-related supply chain disruptions, but have appeared amid more general economic distress in the isolated country.

The coupons began circulating towards the end of August, according to reports in Japan’s Asia Press, which provides independent reporting on North Korea. Each coupon is worth 5,000 North

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account