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The South Korean Won (KRW) is the official currency of South Korea, introduced in 1945 to replace the Korean yen. It is a fiat currency, meaning its value is not backed by physical commodities but rather by the government that issues it. The Won is used for all transactions within South Korea and is subdivided into 100 jeon, though the use of jeon is largely obsolete in everyday transactions.
The SĂŁo TomĂ© and PrĂncipe Dobra (STN) is the official currency of SĂŁo TomĂ© and PrĂncipe, an island nation located in the Gulf of Guinea. It is subdivided into 100 cĂȘntimos and is primarily used for everyday transactions within the country, including purchasing goods and services.