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Face value of damaged currency rises in 2020

By Yonhap
Published : Feb. 3, 2021 - 13:07

Bank of Korea (Yonhap)

The face value of damaged banknotes and coins in South Korea rose in 2020, data from the central bank showed Wednesday.

A total of 4.76 trillion won worth ($4.26 billion) of damaged bills and coins were discarded by the Bank of Korea (BOK) last year, up 410 billion won from a year ago, according to the BOK data.

The central bank spent 10.6 billion won replacing the damaged banknotes last year.

Last year, a record 642 million damaged bills and coins were discarded by the central bank, up 0.3 percent from a year earlier. (Yonhap)

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