When did China first invent paper money?

Answer Paper money was invented in China at the end of the eighth or beginning of the ninth century A.D. It was used by merchants, who could deposit cash in the capital city and receive a paper certificat... Read More »

Top Q&A For: When did China first invent paper money

In what year was the world's first paper money issued in china?

Paper money was introduced in China in 812 A.D. It was a temporary solution to a minting problem caused by a copper shortage. However, paper money was very popular, and by 970 A.D., it dominated Ch... Read More »

When was paper money invented in china?

Paper money has been around for more than 1200 years. It first appeared in China in the year 806 CE as military scrip to be used as letters of credit when traveling. A paper money system was also u... Read More »

When was the first paper money made?

The earliest paper money comes from China. The Chinese printed the earliest known paper money during the 7th century, according to the Money Museum. Specifically, paper money came to circulation in... Read More »

When was paper money first used in America?

Paper money was first used in America by the Massachusetts Bay colony in 1690. It was given as payment to soldiers returning from a military expedition. This form of payment was not meant to be per... Read More »