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 supply and demand of social funds . Lifting of a government using the national currency exchange rate to control the feed exports and capital flows in order to reach the international balance of payments purposes. It is a Short-term Liquidity Operation, it is used when there is a temporary fluctuation in the liquidity of the banking system. As well as heralding a market-based approach, this marks a significant change for monetary policy making in China, partly because the system and its range of tools offers the central bank more autonomy to set policy. Starting in 2016, the People’s Bank of