June 4, 2026
Centuries ahead of Wall Street: how China’s Song dynasty pioneered global fiat currency

At least gold glitters. Long before the first paper banknotes fluttered through the financial houses of Europe, the bustling markets of 11th century China birthed an unprecedented financial “innovation”: the use of paper currency.
In the 1020s, burdened by the shortage of bronze coins and a rapidly expanding economy…
Read More

About The Author

Leave a Reply

Your email address will not be published. Required fields are marked *