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What is the name of the first country to issue paper currency ?

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What is the name of the first country to issue paper currency ?
posted Feb 20, 2017 by Niharika Singh

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1 Answer

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China
To obviate the need for transporting cartloads of heavy coins collected as revenue in far-flung part of the country, China resorted to paper currency in 11th century. It was the first country to do so. Currency notes were issued by an agency of the government of China's Sung Dynasty in 1023 AD.

answer Feb 21, 2017 by Shivaranjini
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