{"id":230438,"date":"2026-06-04T11:54:41","date_gmt":"2026-06-04T11:54:41","guid":{"rendered":"https:\/\/dailytalks.org\/?p=230438"},"modified":"2026-06-04T11:54:41","modified_gmt":"2026-06-04T11:54:41","slug":"centuries-ahead-of-wall-street-how-chinas-song-dynasty-pioneered-global-fiat-currency","status":"publish","type":"post","link":"https:\/\/dailytalks.org\/?p=230438","title":{"rendered":"Centuries ahead of Wall Street: how China\u2019s Song dynasty pioneered global fiat currency"},"content":{"rendered":"<p>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 \u201cinnovation\u201d: the use of paper currency.<br \/>\nIn the 1020s, burdened by the shortage of bronze coins and a rapidly expanding economy&#8230;<br \/><a href=\"https:\/\/www.scmp.com\/news\/hong-kong\/law-and-crime\/article\/3353407\/centuries-ahead-wall-street-how-chinas-song-dynasty-pioneered-global-fiat-currency?utm_source=rss_feed\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>At least gold glitters. Long before the first paper banknotes fluttered through the financial houses<\/p>\n","protected":false},"author":1,"featured_media":230439,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-230438","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lse-mrkt"],"featured_image_urls":{"full":["https:\/\/dailytalks.org\/wp-content\/uploads\/2026\/06\/230438-centuries-ahead-of-wall-street-how-chinas-song-dynasty-pioneered-global-fiat-currency.jpg",1280,720,false],"thumbnail":["https:\/\/dailytalks.org\/wp-content\/uploads\/2026\/06\/230438-centuries-ahead-of-wall-street-how-chinas-song-dynasty-pioneered-global-fiat-currency-150x150.jpg",150,150,true],"medium":["https:\/\/dailytalks.org\/wp-content\/uploads\/2026\/06\/230438-centuries-ahead-of-wall-street-how-chinas-song-dynasty-pioneered-global-fiat-currency-300x169.jpg",300,169,true],"medium_large":["https:\/\/dailytalks.org\/wp-content\/uploads\/2026\/06\/230438-centuries-ahead-of-wall-street-how-chinas-song-dynasty-pioneered-global-fiat-currency-768x432.jpg",640,360,true],"large":["https:\/\/dailytalks.org\/wp-content\/uploads\/2026\/06\/230438-centuries-ahead-of-wall-street-how-chinas-song-dynasty-pioneered-global-fiat-currency-1024x576.jpg",640,360,true],"1536x1536":["https:\/\/dailytalks.org\/wp-content\/uploads\/2026\/06\/230438-centuries-ahead-of-wall-street-how-chinas-song-dynasty-pioneered-global-fiat-currency.jpg",1280,720,false],"2048x2048":["https:\/\/dailytalks.org\/wp-content\/uploads\/2026\/06\/230438-centuries-ahead-of-wall-street-how-chinas-song-dynasty-pioneered-global-fiat-currency.jpg",1280,720,false],"chromenews-featured":["https:\/\/dailytalks.org\/wp-content\/uploads\/2026\/06\/230438-centuries-ahead-of-wall-street-how-chinas-song-dynasty-pioneered-global-fiat-currency-1024x576.jpg",1024,576,true],"chromenews-large":["https:\/\/dailytalks.org\/wp-content\/uploads\/2026\/06\/230438-centuries-ahead-of-wall-street-how-chinas-song-dynasty-pioneered-global-fiat-currency-825x575.jpg",825,575,true],"chromenews-medium":["https:\/\/dailytalks.org\/wp-content\/uploads\/2026\/06\/230438-centuries-ahead-of-wall-street-how-chinas-song-dynasty-pioneered-global-fiat-currency-590x410.jpg",590,410,true]},"author_info":{"display_name":"Jonathan Jeriah","author_link":"https:\/\/dailytalks.org\/?author=1"},"category_info":"<a href=\"https:\/\/dailytalks.org\/?cat=26\" rel=\"category\">London Market<\/a>","tag_info":"London Market","comment_count":"0","_links":{"self":[{"href":"https:\/\/dailytalks.org\/index.php?rest_route=\/wp\/v2\/posts\/230438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailytalks.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailytalks.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailytalks.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailytalks.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=230438"}],"version-history":[{"count":0,"href":"https:\/\/dailytalks.org\/index.php?rest_route=\/wp\/v2\/posts\/230438\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailytalks.org\/index.php?rest_route=\/wp\/v2\/media\/230439"}],"wp:attachment":[{"href":"https:\/\/dailytalks.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=230438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailytalks.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=230438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailytalks.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=230438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}