answersLogoWhite

0


Best Answer

The S'ung dynasty was the first to issue true paper money in 1023, and it did so at first cautiously, issuing small amounts, used in a limited area, and good for a specific time period. The notes would be redeemed after three year's service, to be replaced by new notes for a 3% service charge, a neat way for the government to make money.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Who was the inventor of paper money?
Write your answer...
Submit
Still have questions?
magnify glass
imp