| Koyan Won |
|Official users||Republic of Koya|
|Coins||₩1/2, ₩1, ₩5, ₩10, ₩20, ₩50|
|Banknotes||₩100, ₩200, ₩500, ₩1000, ₩2000|
|Central bank||Bank of Koya|
The current series of banknotes for the Koyan won began circulation in 2014. The current set includes banknotes for ₩100, ₩200,₩500, ₩1000, and ₩$2000. Note that the ₩200 and ₩2000 banknotes are not commonly used by consumers. This may be due to the tendencies of consumers to simply use multiple ₩100 or ₩500 bills to cover the range of the ₩200, as well as using ₩1000 bills or credit/debit cards instead of the ₩2000 bill. Lack of government promotion may also be a contributing factor to the general lack of usage.