Friday, May 10, 2019

Dumplings banknotes - the earliest banknotes

Natural shells are the first object of Chinese people's early use as currency. As the goods began to exchange more and more frequently, the supply of shells was insufficient, so the imitation shellfish began to be made of various materials such as bone, copper, jade and stone. Around 200 BC, due to the rapid development of the commodity economy, various metal coins began to appear.

Ancient Chinese coins are round and have a rectangular hole in the center - this shape expresses the ancient Chinese belief that the earth is square and the heaven is round. You can string several coins on the rope and create a bunch of coins - this is done to make it easier for owners to carry coins when moving. For wealthy people, they have a lot of coins that are too heavy to carry with them.

To solve this problem, the Chinese introduced a new system - the coin can leave a trustworthy person, the owner of the coin gave a note to record the total amount of her and that person. When the owner of the coin wants her money, she only needs to display the paper and get legally owned money from her. In the end, the first banknote called "dumplings" came from these promissory notes.

The shortage of copper has also played an important role in the development of Chinese paper money. China became the first country in the world to use banknotes. These banknotes were widely used in Chengdu between 960 and 1279. A number of banknote seals are printed on the dumplings to combat counterfeiting.

Although the banknotes were first issued by the Song Dynasty, it did not become the main medium before the Yuan Dynasty took office. The banknotes issued during the reign of Kublai Khan [founder of the Yuan Dynasty] were called North Korea. In addition to dumplings, the Chinese government has issued other banknotes, such as Qian Wei, Guan Zi, Xiao, Gong Qi, Hui Zi and so on. In the Southern Song Dynasty, the relevant sons, Hui Zi, Gong and others. During the Northern Song Dynasty, "small and" and "zi" were issued.

In the 14th century, the use of banknotes was greatly reduced, and then disappeared from the picture in a short time. Until the late Qing Dynasty, Chinese round coins continued to be used in the center.




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