← Explore on the interactive map

Jiaozi Paper Money

Type Object Region Worldwide Time 1101–1110

Jiaozi was one of the world's earliest paper currencies, originating from the inconvenience of iron cash in Northern Song Sichuan and evolving into a…

Timeline

  1. 1101–1103Yizhou Jiaozi Office · ChengduThe court established a Jiaozi Office in Yizhou, bringing private jiaozi issuance under official supervision, unifying note design and the reserve system, laying the foundation for paper money's transition from commercial bills to state credit currency.
  2. 1104–1107Bianjing Ministry of Revenue and the jiaozi circulation network · KaifengJiaozi notes gradually entered Bianjing and canal-side commercial cities, used for large official and private settlements and grain-transport disbursements, extending paper money circulation from Sichuan to the country's main economic nodes.
  3. 1108–1110Jiaozi circulation areas in Huainan, Jinghu and other circuits · YangzhouAround Zhenghe, the court further regulated jiaozi issuance quotas and exchange rates; paper money became an important payment means alongside copper cash in Jianghuai, Jinghu and other circuits, and the institutional framework provided a precedent for the later evolution of huizi and note systems.

Sources