Etymology of the Korean currencies Etymology of the Korean currencies The won is the currency of both North and South Korea. "Won" is a cognate of the Chinese currency unit, the yuan, and the Japanese currency unit, the yen, meaning "round object". The won is subdivided into 100 jeon (전; 錢; McCune-Reischauer: "chŏn"; Revised Romanization: "jeon"). Yang is a former Korean currency. It is a cognate of the Chinese tael (pronounced "liǎng" in Chinese). The yang was subdivided into 100 fun (pronounced "pun" but spelt with an "f" on the coins). Fun (푼) is a cognate of the Chinese word fen (分 fēn), referring to
Monetary policy of China proactive fiscal policy will itself include the use of policies, the additional issuance of treasury bonds, and the participation of banks in purchases themselves include the use of monetary policy to support economic growth. The prudent monetary policy implemented since 1998 has achieved great success. Mainly in four aspects: First, the steady growth of total money and credit. From 1998 to 2001, the growth rate of broad money supply was basically controlled between 14% and 15%. Compared with the ups and downs of currencies and credits in the past years, we finally managed to regulate the growth of money and