Question

Who introduced the papermoney?
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Answer 1

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.

Answer 2

Answer:

Paper bills were first used by the Chinese, who started carrying folding money during the Tang Dynasty (A.D. 618-907) — mostly in the form of privately issued bills of credit or exchange notes — and used it for more than 500 years before the practice began to catch on in Europe in the 17th century.