Sung Dynasty launches the world's first paper money

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• Princes of the Yen whole source · open book

  The world’s first paper money was launched in the tenth century in China by the ruling Sung Dynasty.

  chapter: 4. The Alchemy of Banking

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• Richard Werner author of the source

Appears in 2 stories

• Paper money, central banks, and credit creation step 1
• Princes of the Yen: Japan built, bubbled, and broken step 1

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