Who invented paper money?

"The first attempts to print paper money were taken in China around the VIII century, but only at the San dynasty (960-1279) they began to play the role of cash signs.

At the beginning of the IX century, trade in the Chinese provinces. Traders experienced difficulties in the carriage of a large number of copper coins. In addition, the metal needed to use savings and more important needs.

By this time, the priority has already flourished, so the appearance of a paper banknote was the case of time.

The first banknotes were certificates (or receipts), the solvency of which was provided by the coupling (Dazzyna) of the provincial authorities in the capital. That is, the trader earned in the capital in the capital cash, exchanged on a receipt, on which later in its locality again received cash. In turn, the provincial administration was released from the need to transport large amounts of money to the capital to pay the tax of the Emperor, as it could use the money accumulating in Ducia.

Who invented paper money

By the way, banknotes for their ease were called "flying money" (Fay-Qian): their equivalent (a bunch of copper coins, which was at that time the main monetary unit) weighed about 3 kg.

Monetary banknotes were mainly large, as they used only when concluding major transactions. Paper money first contained the names and prints of official officials who produced banknotes. And only around 1120, the central government began to produce their own paper money.

In Russia, according to Manifesto, Catherine II, the first paper money appeared in 1769 in the form of assignments – banking obligations (type of receipt) to receive coins. Assignments, as at one time happened in China, replaced copper money when the score was walking on large amounts ".

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