Paper Money

hattaarshavin (74)in #photography • 5 days ago

Paper money is one of the legal tenders used throughout the world. Here are some interesting points about paper money:

A Brief History
Paper money first appeared in China in the 7th century (Tang Dynasty), but was widely used in the Song Dynasty. This use grew because metals such as silver and gold were difficult to carry in large quantities.

Functions of Paper Money

Means of exchange

A store of value

Unit of account

Materials of Paper Money
Most modern paper money is made from a mixture of cotton and linen fibers to make it more durable, compared to ordinary paper which is easily damaged.

Design and Security
Paper money is equipped with security features such as watermarks, security threads, color-changing ink, and ultraviolet technology to prevent counterfeiting.

Rare Paper Money
Some old paper money or banknotes with printing errors are often sought after by collectors and have high selling value