A new Chinese digital currency could help the country forge an alternative to the US-led global financial system. By Nicu Calcea At the beginning of the 11th century, China became the first country in ...

This Chinese Ming dynasty banknote is inscribed with the title Great Ming circulating treasure note and a warning that counterfeiting is punishable by death. Paper currency was first used in China ...

The first historical use with paper money began ... In 1160, Emperor Kao Tsung reformed the Chinese paper currency as earlier issues had been excessive and became nearly worthless.