Who invented paper money?

Answer

Paper money was used first by the Chinese during the Tang Dynasty (A.D. 618 to 907). According to Time, the first forms of paper money were privately issued bills of credit or exchange. This practice continued for about 500 years.

It wasn't until the 1100s that the first government-controlled paper money was created in China. According to Kallie Szczepnaski of About.com, China later suspended the paper money in 1450 after it created a financial crisis. China started using the paper money again in the 1890s. Europe was the first after China to start using banknotes and then, during the following two centuries, this practice spread to the rest of the world.

Q&A Related to "Who invented paper money?"
A man by the name of Jiaozi created paper money. Everybody loves paper money. Its better than using any plastic credit card any day. I love to spend cold hard cash.
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Definition of Money Money is any object used as a medium for exchanging goods and services. It may or may not have any value itself. Modern money typically has very limited inherent
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China.
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The first written records of the use of money date from 1200BC, in the area of land now
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1 Additional Answer
Ask.com Answer for: who invented paper money
Paper currency was first circulated in China as early as 800 AD during the Tang dynasty.
Paper currency developed due to shortages of metal coins, and also because coins became to burdensome to carry around in large quantities, so paper promissory notes began to be used that were traded for metal coins.
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