Which country was the first to introduce paper money?
Payments
Asked by Question Bot10/Jul/20131 answer
1 Answer
F
Faisal Khan
Answered 10/Jul/2013
The first country to print paper money was China.
Paper currency was a natural progression of things to come, because of the Chinese block-printing. It started with the Tang Dynasty (618 A.D. - 907 A.D.) The papper currency was known as flying money. It was easier to carry versus the heavier coins, and the metals from which coins were previously made, silver, gold, copper, iron, etc. were then being used for other purposes, instead of minting money.
The term flying money came from the fact that it had a tendency to blow away in the wind (a fact still true to date).
However, it wasn't until the Song Dynasty (960 A.D. - 1279 A.D.) that paper currency truly started circulating.
No notes from the Tang Dynasty have said to survive.
Source:
Paper currency was a natural progression of things to come, because of the Chinese block-printing. It started with the Tang Dynasty (618 A.D. - 907 A.D.) The papper currency was known as flying money. It was easier to carry versus the heavier coins, and the metals from which coins were previously made, silver, gold, copper, iron, etc. were then being used for other purposes, instead of minting money.
The term flying money came from the fact that it had a tendency to blow away in the wind (a fact still true to date).
However, it wasn't until the Song Dynasty (960 A.D. - 1279 A.D.) that paper currency truly started circulating.
No notes from the Tang Dynasty have said to survive.
Source: