Born in China centuries ago, paper money revolutionized trade, Europe followed suit, and governments took control, adding security & national pride to each colourful note, here are some things to know.
1
The earliest paper money emerged in 7th century China, first as "flying money" and later as true paper currency during the Song dynasty.
2
European explorers like Marco Polo encountered paper money in China during the 13th century, sparking interest in the concept.
3
Europe began issuing paper banknotes in the early 1800s, with Napoleon being a notable figure in this transition.
4
Central banks manage the issuance of currency notes, ensuring a standardized and reliable system.
5
As technology advanced, banknotes incorporated security features like watermarks and special inks to combat counterfeiting.
6
Modern currency notes often reflect a nation's cultural and historical identity through their designs, appealing to a broader global audience.
7
While notes remain widely used, cashless transactions are becoming increasingly popular.