History of Asia

How did the Chinese spread paper money from other parts of world?

Paper money was invented in China during the Tang Dynasty (618–907). It was initially used as a form of promissory note, but it gradually became more widely used as a medium of exchange. Paper money was introduced to other parts of the world through trade and travel. Arab traders were among the first to adopt paper money, and they introduced it to the Middle East and North Africa. Paper money was also introduced to Europe by Marco Polo in the 13th century, but it did not become widely used until the 17th century.

Here are some specific examples of how the Chinese spread paper money from other parts of world:

- Tang Dynasty merchants:

Chinese merchants travelled extensively throughout Asia, trading silk, tea, and other goods.

They used paper money to facilitate these international trade transactions.

- Mongol Conquests:

During the Yuan Dynasty (1271-1368), the Mongols used paper money

in the vast territories they conquered, extending it's use westward through Asia and into Europe. Mongol invasions and trade also played an important role in introducing paper money

into Russia and Eastern Europe.

- European Travellers:

In the 13th century, European travellers like Marco Polo, visited China and observed the usage of paper money. After returning to Europe, Marco Polo's description of paper money piqued people's curiosity and contribute to its subsequent interest in Europe

Through these interactions and exchanges, paper money gradually spread

form China and was adopted to varying degrees , shaping the evolution on currency across diverse cultures and economies globally.