Copper coins and iron coins were used together in the Song Dynasty, while iron coins were used exclusively in Sichuan. At that time, Sichuan was an important producing area of salt, tea and silk, with a large currency circulation, but heavy iron money. A thousand dollars weighs 25 Jin, and a horse costs 20,000 yuan and weighs 260 Jin. With the development of commodity economy, the disadvantages of inconvenient circulation of iron money are becoming more and more prominent.
So, in Song Zhenzong (997- 1022), sixteen wealthy businessmen in Chengdu printed and distributed paper money instead of iron money-"Jiaozi". Jiaozi is printed with pictures of houses, trees and people. And also signed a secret record. Jiaozi can be converted into cash or circulated in the market. When you use Jiaozi to exchange cash with Jiaozi Store, you must pay a certain commission. Old and new friends are exchanged every three years.
Later, due to the misappropriation of cash by wealthy merchants in Jiaozipu, the exchange of Jiaozipu could not be guaranteed, which often caused disputes, and the government banned merchants from issuing it. 1023 (the first year of Renzong Tiansheng), issued by the government.
Paper money of the Republic of China: The Revolution of 1911 led by Dr. Sun Yat-sen overthrew the reactionary rule of the Qing Dynasty, which was stupid, decadent, humiliating the country, ended the feudal monarchy that lasted for more than 2,000 years in China, and established a bourgeois republic, which wrote a glorious page in the modern history of China. Before the Revolution of 1911, foreign countries issued "casting coupons" and "military tickets" and other paper money for the needs of military expenditure.
After the victory of the Revolution of 1911, in the early years of the Republic of China, the original "Bank of anniversary" was changed to "Bank of China", and Bank of Communications was designated as the national bank, which successively issued coupons. 19 16, Bank of China and Bank of Communications stopped fulfilling their commitments. 1924, the "Central Bank" was established in Guangzhou to perform the functions of the national bank on behalf of the national treasury.
Besides. Ordinary commercial banks approved by the state also issued paper money, and local financial institutions in various provinces also issued local paper money. During the Republic of China, the Central Bank, Bank of China, Bank of Communications, Agricultural Bank of China and local provinces, prefectures, cities and even counties successively issued a large number of banknotes of various types and minted various currencies such as gold coins, silver dollars, copper dollars and nickel coins.
Extended data:
The earliest paper money in the world was China's "jiaozi" in Chengdu, Sichuan during the Northern Song Dynasty. The earliest paper money used in Europe was issued by the Swedish bank in 166 1, but it was only a stopgap measure at that time, not as a real currency. 1694, the Bank of England was established and began to issue bank notes. The silver slip was originally handwritten, but later it was changed into printed matter.
There are more than 200 kinds of paper money in the world, circulating in 193 independent countries and other regions. As the main currency of all countries, paper money reflects the cross-section of the country's history and culture beautifully and in many ways, and communicates the economic exchanges of people all over the world. The more important banknotes in the world are US dollar, Euro, RMB, Japanese yen and British pound.
The pattern on paper money can roughly reflect a country's value orientation, and its content also conveys a country's political system and civilization. It is a national business card, which shows what kind of national ethics this country is trying to advocate.
References:
Baidu encyclopedia-paper money