← Explore on the interactive map

Development of Jiaozi Paper Money in the Northern Song (1010s)

Type Event Region China Time 1011–1020

During Zhenzong's reign (roughly 1011–1020), private jiaozi shops in Yizhou and elsewhere in Sichuan expanded rapidly, using credit certificates in p…

Timeline

  1. 1011–1015Yizhou city · SichuanMerchants in Yizhou, finding Sichuan's iron coins cumbersome and inconvenient for long-distance transport, used jiaozi as deposit and withdrawal certificates circulating within the city. The number of jiaozi shops increased, forming a regional credit-money network.
  2. 1016–1020Yizhou · SichuanMultiple jiaozi shops began using standardized or mutually recognized printing plates with multi-colored designs to prevent counterfeiting, and gradually developed cross-shop redemption practices. The court and local authorities began paying attention to the scale of circulation and its risks.

Sources