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 Report to the Congress to Congress. The Monetary Policy Reports were previously referred to as Humphrey-Hawkins reports. The Monetary Policy Report is delivered twice a year, in February and July, and reports the basic state of the United States economy and its financial welfare. Each report contains two sections. The first section summarizes past policy decisions and their predicted economic impact. The second section focuses on recent financial and economic developments. Monetary Policy Report to the Congress The Monetary Policy Report to the Congress is a semi-annual report prepared by the Board of Governors of the Federal Reserve and presented to the Congress of