The geographic limitation modified involving 1265 and 1274, in the event the late southern Song govt issued a nationwide paper currency regular, which was backed by gold or silver.[fifteen] The variety of various values for these banknotes was Most likely from a single string of cash to 1 hundred within the most.Even so, it's important to note that

To begin with, person people today issued the promissory notes. On the other hand, they later grew to become prepared orders to pay for a certain sum to those that experienced them of their possession.Central banks situation banknotes. The Bank of England suggests it has been issuing banknotes for greater than three hundred years.Money can even be