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Jiaozi (Chinese: 交子) was a form of promissory note which appeared around the 11th century in the Sichuan capital of Chengdu, China. Numismatists regard it as the first paper money in history, a development of the Chinese Song Dynasty (960–1279 CE).
The first series of Renminbi banknotes was introduced during the Chinese Civil War by the newly founded People's Bank of China on December 1, 1948, ten months before the founding of the People's Republic of China itself. It was issued to unify and replace the various currencies of the communist-held territories as well as the currency of the ...
The first series of renminbi banknotes was issued on 1 December 1948, by the newly founded People's Bank of China. It introduced notes in denominations of ¥1, ¥5, ¥10, ¥20, ¥50, ¥100 and ¥1,000 yuan. Notes for ¥200, ¥500, ¥5,000 and ¥10,000 followed in 1949, with ¥50,000 notes added in 1950. A total of 62 different designs were issued.
However, the first known banknotes were first developed in China during the Tang and Song dynasties, starting in the 7th century and were called "flying money". [13] Its roots were in merchant receipts of deposit during the Tang dynasty (618–907), as merchants and wholesalers desired to avoid the heavy bulk of copper coinage in large ...
In 1260, the first year of Kublai Khan's rule, he issued two different Jiaochao notes. The first in July was backed by silk but was unsuccessful. The second was in October which used the silver standard. [1]: 37 It was the first paper currency to be used as the predominant circulating medium in the history of China. [2]
Old Chinese Currency used in 1920–23. This currency was also used in Hunza state.. The use of shell money is attested to in the Chinese writing system.The traditional characters for 'goods' (貨), 'buy/sell' (買/賣), and 'monger' (販), in addition to various other words relating to 'exchange', all contain the radical 貝, which is the pictograph for shell (simplified to 贝).
A banknote of 1 guàn (or 1000 wén) issued between 1380 and the early 16th century.. The Great Ming Treasure Note [1] (simplified Chinese: 大明宝钞; traditional Chinese: 大明寶鈔; pinyin: dà míng bǎo chāo) or Da Ming Baochao was a series of banknotes issued during the Ming dynasty in China.
In 1999, a commemorative red ¥50 note was issued in honour of the 50th anniversary of the establishment of the People's Republic of China. This note features Chinese Communist Party chairman Mao Zedong on the front and various animals on the back. An orange polymer note, commemorating the new millennium was issued in 2000 with a face value of ...