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Where is the first use of paper money believed to have begun?
HistoryInventions
Quick Answer
It began in China, especially during the Tang and Song dynasties. The earliest widely used government-issued paper money appeared in the 11th century.
The Full Story
The first widely used paper money is believed to have originated in China. Merchants used paper promissory notes during the Tang dynasty, and state-backed paper currency became established under the Song dynasty in the 11th century. The city of Chengdu is often linked with some of the earliest examples of printed banknotes. This innovation spread far beyond China and changed the history of finance.
Key Facts
1.Originated in China
2.Government paper money in the 11th century
3.Linked to the Song dynasty
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