Jiaozi: The World’s First Official Paper Money
Apr 15 2025
Length: 14 mins
Podcast

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Jiaozi: The World’s First Official Paper Money

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Summary
Just over 1,000 years ago, Sichuan in southwest China issued the world’s first officially backed paper money. Today, we’ll talk about what local conditions spurred this financial revolution, and how traders were able to cash in on the innovation.

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