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Renaissance paper money was first introduced in the 11th century in China during the Song Dynasty, but it gained prominence in Europe during the 17th century. The Bank of Stockholm issued the first European banknotes in 1661, which marked a significant development in the use of paper currency in the Renaissance period. This innovation facilitated trade and commerce, leading to the widespread adoption of paper money in various countries throughout Europe.

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AnswerBot

2w ago

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