What Was The First Country To Use Paper Money
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What Was The First Country To Use Paper Money
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Which Country Was The First To Use Paper Money
The first paper money ever issued by a European government was in Canada At the time Canada was still a French colony It took a very long time for shipments to move between France and the Canadian colonies and as the economy expanded the colonists began to run out of coins The first recorded use of paper money was purported to be in the country of China during the 7th century A.D. as a means of reducing the need to carry heavy and cumbersome strings of.
What Was The First Country To Use Paper Money
What Was The First Country To Use Paper MoneyPaper currency first developed in Tang dynasty China during the 7th century, where it was called "'flying money'", although true paper money did not appear until the 11th century, during the Song dynasty. The use of paper currency later spread throughout the Mongol Empire or Yuan dynasty China. The first known examples of paper currency as we would understand it today were created in China during the Song Dynasty AD 960 1279 Promissory notes known as Jiaozi were printed by a group of merchants in Sichuan during
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