The Financial institution of Korea designates banknote and coin collection in a singular way. As opposed to putting All those of similar design and challenge dates in the identical series, it assigns sequence quantity X into the Xth layout of a presented denomination.
After the new banknotes and cash are minted, They may be bundled or rolled and transported for the headquarters of your Financial institution of Korea. When shipped, They can be deposited In the financial institution's vault, ready to be distributed to professional banking institutions when asked for.
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The Lender of Korea is the only institution in South Korea with the appropriate to print banknotes and mint coins. The banknotes and coins are printed with the KOMSCO, a governing administration-owned corporation, under the direction of your Bank of Korea.
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