Various Denominations Were Printed, Ranging From A Face Value Of Two Standard Coins To The Highest Denomination Of Two Strings.
Yuan dynasty banknote with its wooden printing wood plate, 1287, preserved in the tokyo currency museum. The mongol yuan dynasty replaced the song, and although foreign, the yuan instituted a policy of cultural continuity, which included the use of paper money. Paper money lost in value and copper coins were difficult to standardize and were rather heavy for its value.
For One, The Economy Was Stagnating, Likely Due To The Yuan Policies Of Printing Too Much Paper Money, Devaluing The Currency.
The highest yuan denomination for paper money was 2 strings, and the lowest 2 standard coins. It persisted only ninety years. Jˇi ’ŭen baw č‘aw :
The Kublai Dynasty Was The First To Employ Paper Money As The Primary Currency.
Like the jurchen jin dynasty, the yuan rulers followed the southern song policy of tying their paper currency to silver. Just like the chin dynasty before them, the yuan dynasty soon ran into problems with inflation, and from 1260 to. The yuan dynasty would later issue its own paper money, calling it chao.
The Yuan Dynasty Was One Of The Most Eficient Dynasties When It Came To Innovations.
The yuan dynasty tried to maintain the paper currency but inflation proved ruinous. 「至元通行寳鈔」 zhì yuán tōng háng bǎo chāo (pinyin). The famous italian traveler marco polo visited china during the yuan dynasty and introduced china to europeans.
Genghis Khan, An Illiterate Nomad, Established The Yuan Kingdom.
The first paper currency issued in yuan dynasty was in 1260. A left line ( 'phagspa script) reads: The yuan dynasty was the zenith of using paper money in the ancient china.”throughout the dynasty, paper notes were used and the system was developed and perfected.” the yuan dynasty, however, triggered too many wars invading other countries including western countries, and it impoverished the yuan empire.