I went to the Bank of Korea Museum today
And I learned some things about the history of Korea’s federal reserve and currency systems, not to mention systems the world over. [link]
My most interesting takeaway was that in the 1950s, shortly after the modern Bank of Korea was established, all of the currency printed had pictures of incumbent President Syngman Rhee, the first in a long line of controversial and/or unpopular Korean leaders. His visage on the 100 won bill (which would be worth about 10 cents in today’s terms) was originally in the center, but after a few years it was shifted to the right side of the bill, because the Bank found that when the bill was folded in half, his face got crumpled up.
For it’s content, it was impressively accessible and there were kids running around all over the place. I wish I could have gone to a museum to learn about macroeconomics when I was a rugrat.
[Photo: Wikimedia commons]
2 years ago