Chinese Yuan

When we talk about China we are referring to one of the world’s oldest and richest cultures which traces back thousands of years ago. The country was one of the pioneers to create currency in order to replace barter. Thus, its currency history is something that has a long interesting timeline enriched with curious facts that definitely worth a deeper look.

We won’t enter the details here, but, to sum up, the first objects used as currency by the Chinese were seashells. From these shells China developed its barter system, introduced a wide variety of objects that could be used as money (fabrics and knives, for instance) and, later on, bronze coins would be created as substitutes for those objects.

About Chinese Yuan

The currency called Yuan was introduced in 1889, influenced by the Spanish currency “peso”. By that time, the peso was widespread in South East Asia because of the Spanish presence in Guan and Philippines. Then, in 1903, the government started issuing other coins in the Yuan currency system.

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