which country made first money in the world
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Answer:
The first use of paper currency can be traced back to the year 806 AD in China where they were used as “flying currency” because of the usage of letters of credit transferred over large distances.
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Explanation:
- China created the world's first paper money. Nearly 700 years before Sweden issued the first European banknotes in 1661, China released the first generally circulating currency. In fact, usage of paper notes dates backs even earlier, to the 7th century Tang Dynasty.
- The first use of paper currency can be traced back to the year 806 AD in China where they were used as “flying currency” because of the usage of letters of credit transferred over large distances.
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