ALMOST CERTAIN . CHINA'
china
In the 600's there were paper currency in China and by 960 the Song Dynasty issued the first currency notes. And metal coins was before the paper currency came into existence.
China was the first country to use both paper money and the printing press.
The first country to make use of paper money is China. This innovation began during the Tang Dynasty (618–907 AD) and became more widespread during the Song Dynasty (960–1279 AD). The use of paper currency facilitated trade and commerce, eventually influencing monetary systems around the world.
China
china
China used paper as currency in the world for the first time.
China.
The first country to issue paper money was China and it was invented by Jiaozi of the Northern Song Dynasty.
In the 600's there were paper currency in China and by 960 the Song Dynasty issued the first currency notes. And metal coins was before the paper currency came into existence.
It created the first single paper currency. It created the first single paper currency.
The first paper currency in Europe was distributed by the Bank of Sweden in 1661.
India
Reserve Bank of India (RBI)
the function was to provide a safe place to keep government funds and it could also issue paper money as the currency. :D
The 25 cent paper bill you refered to is called "fractional currency". The US Government did not issue fractional currency until 1862.
If by "banknote" you refer to paper money including promissory notes and Treasury notes, the Bank of England and its predecessors have issued various forms of paper currency from as early as 1694. It is extremely likely that earlier forms of paper money were issued by different countries, but not as general circulation currency. Very few English notes have survived from prior to 1775.