IN DEBT WE TRUST

The first paper money was used in China over 1,000 years ago. And we’ve been losing it ever since.

✓ TRUE FACT
Early government-backed paper money is commonly traced to China’s Song Dynasty, with instruments like jiaozi appearing around the 11th century. Early notes could range from about 500 wén to 5 guàn, showing that paper currency existed long before modern central banks.

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The first paper money was used in China over 1,000 years ago. And we’ve been losing it ever since. | SmartAss Facts