Thursday, February 4, 2010

Money


this is the money of the Yuan dynasty. It is coin that you can use as neckeless. they are money that is made from paper. The Mongol-founded Yuan dynasty (: 元, 1271–1368) also attempted to use paper currency. Unlike the Song Chinese dynasty they created a unified, national system that was not backed by silver or gold. The currency issued by the Yuan was the world's first fiat currency , known as chaos. The Yuan government attempted to prohibit all transactions in or possession of silver or gold, which had to be turned over to the government. Inflation in 1260 caused the government to replace the existing paper currency with a new paper currency in 1287, but inflation caused by undisciplined printing remained a problem for the Yuan court until the end of the Dynasty.

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