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Chinese shell money, 16–8th century BC. Money cowry; length 2.6 cm; Palou Tello, Batu Islands, Indonesia. In China, cowries were so important that many characters relating to money or trade contain the character for cowry: 貝. Starting over three thousand years ago, cowry shells, or copies of the shells, were used as Chinese currency. [11]
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).
In the Zhou period, they are frequently referred to as gifts or rewards from kings and nobles to their subjects. Later imitations in bone, stone or bronze were probably used as money in some instances. Cowrie shell imitation in green bone, China, Western Zhou Dy (1046 BC-771 BC)-Jin State; length: 40.3 mm
A mutiny is taking place in the global currency market, with a growing number of countries ditching the U.S. dollar in favor of China’s yuan — at least, that’s the rumor going around.
For this reason the validity of these objects as a form of currency is called into question. [7] Because it is unknown if they were or weren't forms of ancient Chinese money, they are usually referred to as "pseudo money" or "odd shaped money" (simplified Chinese: 异形币; traditional Chinese: 異形幣; pinyin: yì xíng bì). [7]
This became the sole currency of mainland China at the end of the civil war. A new yuan was introduced in 1955 at a rate of 10,000 old yuan = 1 new yuan, known as the renminbi yuan. It is the currency of the People's Republic of China to this day. The term yuan is also used in Taiwan.
Featuring a dragon on the obverse of Japanese and Korean issues and on the reverse of Chinese issues, all were inspired by the silver Spanish dollar which following its introduction into the region in the 16th Century had set the standard for a de facto common currency for trade in the Far East, this specification being a weight of 27.22 grams ...
A Huo Quan (貨泉) cash coin Xin dynasty coinage (Traditional Chinese: 新朝貨幣) was a system of ancient Chinese coinage that replaced the Wu Zhu cash coins of the Han dynasty and was largely based on the different types of currencies of the Zhou dynasty, including knife money and spade money. [1]