feb 3, 900 - Paper Money was invented
Description:
Paper money were first developed by the ancient Chinese, who started using folding money at the end of the 8th or beginning of the 9th century AD. Paper bills were originally used as privately issued bills of credit or exchange notes. A merchant could deposit his cash in the capital, receiving a paper “exchange certificate” which he could exchange for metal coins in other cities.
Added to timeline:
History Timeline
Date:
Images:
![]()
