Social Sciences, asked by asp80, 1 year ago

name the early form of currency used in trade with Asia in China and East Africa​

Answers

Answered by venky14800
1

Answer:

Explanation:

yuan

Copper coins were used as the chief denomination of currency in China until the introduction of the yuan in the late 19th century. Currently, the renminbi is the official currency of the People's Republic of China (PRC). It is the legal tender in mainland China, but not in Hong Kong or Macau.

The history of Chinese currency spans more than 3000 years. Currency of some type has been used in China since the Neolithic age which can be traced back to between 3000 and 4500 years ago. Cowry shells are believed to have been the earliest form of currency used in Central China, and were used during the Neolithic period.

Around 210 BC, the first emperor of China Qin Shi Huang (260–210 BC) abolished all other forms of local currency and introduced a uniform copper coin. Paper money was invented in China in the 9th century, but the base unit of currency remained the copper coin. Copper coins were used as the chief denomination of currency in China until the introduction of the yuan in the late 19th century.

Answered by Anonymous
0

There was extensive trade with the ports of the Red Sea, the Persian Gulf, East Africa, Southeast Asia, and China. Indian spices and cloth were exported, and gold, ivory, spices, tin, Chinese blue pottery, and silver were imported.

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