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The history of Paper Money

The history of money and thus paper money goes back into the past when the unit value and exchange (barter) were foods such as domestic animals or spices such as salt and the like. From the sphere of commodity exchange commodity comes to the appearance of coins (7th century before AD) which was minted from gold or silver. Coins as a measure of value is used to this day, but still 118 BC in China was born the idea of ​​a record that would be a legitimate and recognized option of paying for goods and services, and the first "notes" were then printed on the skin.

It was only in the 7th century during the Tang and Song Dynasties banknotes become massive tender because traders refused to large transactions carry bulky and heavy coin. At that time the paper money as a means of payment accepted in the Mongol Empire.

Chinese banknotes in Europe for the first time appear in the 13th century made by researchers such as Marco Polo. Modern banknotes on European soil appear in mid-17th century, when London bankers instead of issuing paper bills to a specific decision (banknotes) start issuing banknotes in the modern sense of the word. Banks are before this decision issued certificate for left their coins but for convenience these bank records become legal tender between man and man begins the modern era banknotes.

The first European paper banknotes printed in Sweden in 1661. Although in 1791 and 1816 in the United States tried to establish a central bank that has happened only in 1862 when on the continent begins to print modern banknotes.

In Croatia, the first paper money appeared in 1778. Pag assignat was recording paper on which the amount of salt conversions in lira (valid money). In fact, in that time, work doctors, clerks and others. Pag paid with salt. In Karlovac as temporary printing banknotes 1848 penny, a 1919 filir.

In the numismatics collection of paper money is becoming more widespread hobby. This is not surprising because the modern trends of printing banknotes and putting them into circulation is based on the use of plastics in the production and is less paper money, and more of those plastic. The first country to fully introduced plastic banknotes was Australia in 1996.

It is interesting that Sweden in 2015 (as the first country in mainland Europe, which had an official paper bill even 1661) announced a completely abolishing paper, as well as coins and announced the use of digital money. It's probably the direction in which it will go to other countries and central banks as the physical money is very expensive, both in production and maintenance as well as transport and insurance.

Although the future of such notes as questionable on papermoney-world.com will always find the largest selection of paper money from around the world. Judging by the outcome of modern developments, announced the abolition of bank notes, bills in the future will be artifacts of the past and will play an increasingly collector and thus the actual monetary value.