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13:22

How China Gifted Us Paper Money (also known as Flying Money)

From the Blog faisalkhan I'm fascinated by history (hated the subject when I was in school). It is no surprise, that as I learn more about banking and money, one cannot help but be fascinated with paper money or currency notes. The idea and invention of paper money has, for a long time, been one of the most interesting topics around. Paper currency is interesting not only for the printing technology used in its production but also for the fact that a commodity that itself lacks intrinsic value is used for trade. Yeah, that's a big word, *intrinsic *value. Something you take for granted with the currency notes you hold in your hand. [image: currency notes] For many generations, it was believed – correction: not believed, it was like written in stone, that only valuable objects such as gold and silvepakistanblogs.blogspot.comRead Full PostComments

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