The first country to introduce paper money or paper currency is China. It was believed that paper money was first used in the year 806 but in 1023 AD the first real paper money was issued by China during the Song dynasty. At that time, it was used as a “flying currency” as it can be used for credit transfer over large distances. China has also used leather notes before the introduction of paper currency.
eAnswers Team
The first country to introduce paper money or paper currency is China. It was believed that paper money was first used in the year 806 but in 1023 AD the first real paper money was issued by China during the Song dynasty. At that time, it was used as a “flying currency” as it can be used for credit transfer over large distances. China has also used leather notes before the introduction of paper currency.
China is the first country in the world that have issued the paper currency.
I think the country that introduced the paper currency is for the first time is China.