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Ah, money. It’s one of the oldest inventions known to humanity and it’s been used to facilitate trade and commerce since the days of Ancient China. But who was the first to introduce money? That’s a question with a surprisingly long history.

It was back in 650 AD that the first paper money was issued by Emperor Kao Tsung of China. At the time, the money was in the form of notes that could be exchanged for coins or objects of value. While this early form of paper money was a novel idea for the era, it wasn’t widely accepted or accepted as an official form of currency.

It wasn’t until the 10th century that we began to see money in wider circulation. This was thanks to the rise of the Mongol Empire, which established a unified currency throughout their various regions. This new money, known as the „Pax Mongolica“ was a significant advance in the history of money.

Marco Polo, the great explorer and merchant, wrote of this new money in 1298. He noted that it was in use in both Persia and Japan, and it was widely accepted as a valid form of currency. This was the beginning of paper money as we know it today.

The use of paper money continued to spread throughout the world over the centuries. In Europe, paper money was introduced in the 15th century and was widely used by the 17th century. In the United States, the first paper money was issued in 1690.

Today, paper money is the most commonly used form of currency around the world. Most countries have their own currency, and some countries, like the United States, have multiple currencies. There are also alternative forms of currency, such as cryptocurrency, that are gaining in popularity.

So who was the first to introduce money? That honor goes to Emperor Kao Tsung of China. His paper money, though not the official currency of the time, was the first known form of paper money. It was later refined and improved upon by Marco Polo and the Mongol Empire, leading to the paper money we know today.