Paper money

　In last week's blog was talking about the history of money, I talk about paper money this week.

  It was a valuable goods, such as precious metal money begins. Although,precious metal coins were inconvenient to carry. People received a certificate in a safe deposit precious metals instead. Deed I had a piece of paper is worthwhile for the precious metal that can be exchanged at any time. It can be said that this is the beginning of the paper money. The paper money is before the invention, in the currency of Carthage and leather were popular. But, Leather currency broke off with the destruction of Carthage. The others are cut off by the Roman conquest of grain safekeeping receipt to the warehouse (made papyrus) was being used as a substitute for currency even in ancient Egypt.

Kousi is the world's first paper money was issued as evidence of iron currency deposits in the era of Song. I have come to be widely distributed as a replacement bill was amended by later to print promissory note was handwritten, but initially. The Bank of England is the only bank of issue and the United Kingdom in 1844 by the Bank Act peel. Bill of many countries became fiat money cannot be exchanged with specie.

In Japan the beginning of the bill has been referred to as the year 1334. But, paper money is a country merchants Yamada Ise 1623 issued by have left a kind. In the Edo period, each clan has issued a clan note as a breakthrough in financial difficulties. Paper money also be used by other occupation and place of status also was different. Japanese government bill has to be issued and will be in the Meiji era.

So, in 1873, the First National Bank (now Mizuho Bank) was established by the National Bank Act. National Bank to issue banknotes of 153 each in practice since then, the issuance of banknotes has become a thing of the monopoly at the same time as the Bank of Japan Bank of Japan was established in 1882. But, national bank notes and government was at the root of inflation has been gradually withdrawn from the market. Has come to be a unified currency of Japan from around 1897. In 2004, ten thousand yen bill of new design, five thousand yen bill, thousand-yen bill was issued as a Japan bank for the first time in 20 years.

 

(This is a one-yen note issued by the Bank of Japan.)

 

(I have seen you often, I am thousand-yen bill to one that was previously used.)

The other hand in other countries, Aid money and silver coins that have been established sovereign is issued in the UK in 1816. The gold standard in the late 19th century has become the standard for the world to switch to the gold standard after another and even Western countries after this.

The bill now build on its own through copying everyone will be featured in a future blog. Japan's paper money devised which would not be counterfeit is a lot. In Japan have been devised such as to invisibly counterfeiting technology, especially due to the high.

  

(As shown in the figure on the bill and there is a good fold aside.）

I will talk about the coins in the following blog.