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From Wikipedia: "According to Herodotus, and most modern scholars, the Lydians were the first people to introduce the use of gold and silver coin. It is thought that these first stamped coins were minted around 650-600 BC. stater coin was made in the stater (trite) denomination. To complement the stater, fractions were made: the trite (third), the hekte (sixth), and so forth in lower denominations. The first banknotes were used in China in the 7th century, and the first in Europe issued by Stockholms Banco in 1661."

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17y ago

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