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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 Huizi (simplified Chinese: 会子; traditional Chinese: 會子; pinyin: huì zi), issued in the year 1160, was the official paper money of the Chinese Southern Song dynasty. It has the highest amount of issuance among various government note types during the Song dynasty.
Technology, science, philosophy, mathematics, and engineering flourished during the Song era. The Song dynasty was the first in world history to issue banknotes or true paper money and the first Chinese government to establish a permanent standing navy.
By the time of the Jingkang incident the government of the Song dynasty had accumulated 98.000.000 strings, and that 30.000.000 strings circulated among people. [25] This indicated that while a large number of cash coins were being produced during the Northern Song dynasty period, only some of them reached general circulation among the people. [25]
Flying cash (Chinese: 飛錢), or Feiqian, was a type of paper negotiable instrument used during China's Song dynasty invented by merchants but adopted by the state. Its name came from their ability to transfer cash across vast distances without physically transporting it. [1] It is a precursor to true banknotes which appeared during the Song ...
There are generally three scripts used on Song dynasty era cash coins which include Regular script, Seal script, and Running hand script/Grass script. The reading order of Song dynasty era cash coins exist in top-bottom-right-left and top-right-bottom-left orders. [62] List of cash coins produced by the Northern Song dynasty: [63] [1] [3]
A Ming dynasty government note with two seal stamps in the centre. Qing dynasty notes. In the centre of the left note is the Seal of Cash of the Great Qing (大清宝钞之印). The economy of China during the Song dynasty outpaced the supply of traditional coinage, leading the government to issue paper money (Jiaozi (交子)) to increase the ...
A modern reproduction of a guanzi banknote. The guanzi (simplified Chinese: 关子; traditional Chinese: 關子; pinyin: guān zi), was a Song dynasty era form of paper money that served as promissory notes that could be traded for goods and services where the seller that received these notes could go to an issuing agency and redeem the note for strings of coins at a small exchange fee.