Jiaozi (Chinese: 交子; pinyin: jiāozǐ) was a form of banknote which appeared around the 10th century in the Sichuan capital of Chengdu, China. Numismatists regard it as the first paper money in history, a development of the Chinese Song Dynasty (960–1279 CE).
To combat counterfeiting, jiaozi were stamped with multiple banknote seals.
- JiaoZi and Iron Standard – Examining world’s first documented paper money system from China with lenses of Austrian economics
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