Which country was the first to adopt modern banknotes?
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Read Latest Articles | Social Questions & Answers | Ask Questions | Answer people’s questions & connect with other people.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
Which country was the first to adopt modern banknotes?
China
Starting in the 7th century, the Tang and Song dynasties in China developed the first known banknote.
The Tang dynasty of China produced paper currency in the 7th century, but actual paper money did not arrive until the Song dynasty in the 11th century. Paper money was later adopted throughout the Mongol Empire and the Yuan Dynasty in China. During the 13th century, European adventurers such as Marco Polo introduced the concept to Europe. In the early 1800s, Napoleon introduced paper banknotes.