What year did the world start using paper money and coins?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

Coins and paper money have been in use for millennia so there's no recorded history of their very first use. Coins have been traced back as far as the Lydians in the 8th century BCE, while paper money was introduced by the Chinese during the Tang dynasty (7th to 10th centuries)
38 people found this useful

When did america start using paper money?

Privately issued paper money has been in use since the colonial times. Individual banks and other companies produced it, and if you trusted that bank, you accepted it. Benjami

What year did the US start using paper money?

1862 was the first year the US government officially issued paper money. However various other agencies, banks, etc. issued paper bills as far back as the Revolution. The C

Why paper money and coins use together?

I assume you're asking why we have both coins and paper money. The simple answer is that coins are much easier to use and more durable, especially in small denominations becau

Who invented money in paper and coin?

The first coins were stamped around 650 - 600 BD by the Lydians. Some believe that the Ancient Egyptians were the first to invent and use coin money. The first paper money

When did the US start making paper money?

The Massachusetts Bay Colony issued the first paper money in 1690. The colonies would later form the United States. The first federally-issued paper money was printed in 18

Why did China start using paper money?

China began to use paper money during the Tang dynasty because of its lightness and other aspects. People could now carry money without the anxiety of a robber stealing it bec

Did the ancient Egyptians use coins or paper money?

Evidentally not! Plenty of ancient coins have survived from Greece, the Roman Empire, etc, but nothing from Egypt.l Paper money was too far ahead of the time, anyhow ( The Chi