Marketing

How paper money evolved

Paper money can be traced back to the promissory notes of ancient China, Carthage, and the Roman Empire, over 2000 years ago—but the banknote as we know it today emerged in the 7th century and is still evolving. The main…

Invention of paper money

Paper money was an invention of the Song Dynasty in China in the 11th century AD, nearly 20 centuries after the earliest known use of metal coins. While paper money was certainly easier to carry in large quantities, using paper…