Where did paper money originate?

Answer Paper money originated in China. It was first used in the year 812, when a copper shortage required the use of paper promissory notes that could later be exchanged for coinage. It was called "flyin... Read More »

Top Q&A For: Where did paper money originate

In what year did paper money originate?

Because the invention of paper money dates back to the ninth century, it is not known exactly what year it came into use. What we do know is that the Chinese were the inventors of paper money, and ... Read More »

Who used paper money first?

Paper money was first used in China in 806 A.D. It was introduced because of a copper shortage. Paper money was introduced during the Tang dynasty and was called "Flying Cash" given it blew away ve... Read More »

What does the B mean on U.S. paper money?

The letter B on United States paper money indicates that the bill was issued by the Federal Reserve Bank of New York. There are 12 letters that can be on American bills--A through I--which represen... Read More »

Where does paper money come from?

Paper money in the United States comes from the Bureau of Engraving and Printing (BEP) under the Department of Treasury. However, in addition to designing and manufacturing U.S. money, the BEP desi... Read More »