What type of money is yinhang?

Answer 1

Yinhang, or "银行" in Chinese, refers to a type of currency issued by banks, specifically in the context of historical Chinese banking. It typically represents banknotes or notes of credit that can be exchanged for silver or other precious metals. During the Qing Dynasty, yinhang notes were used alongside traditional coins, facilitating trade and commerce. Overall, yinhang signifies a form of bank-issued money that played a significant role in the evolution of China’s monetary system.