Modern paper money isn't made of paper ... bordered by foreign and sometimes hostile states. China's rulers didn't want valuable gold and silver currency to leak into foreign lands, and so ...
The Numismatic Chronicle and Journal of ... The Numismatic Chronicle and Journal of the Numismatic Society Vol. 4, 1864 ON AN EXAMPLE OF CHINESE PAPER CURRENCY ...
806 AD: Paper Currency The first paper banknotes appeared in China. In all, China experienced over 500 years of early paper money, spanning from the ninth through the fifteenth century.
The generals said paper was better than metal because it didn't rust when the soldiers got rained on. The Chinese found more uses for their innovation. They made playing cards and paper money by ...
don't expect China to spend its currency reserves protecting the Yuan. To any ordinary person, $3 trillion sounds like an awful lot of money. But if a bubble bursts in an economy the size of China ...