|Country||China - Empire|
|Emperor||Kublai Khan (Shizu) (1271-1294, Yuan dynasty)|
|Value||10 Cash (10)|
|Composition||Paper (mulberry bark)|
|Size||175 × 100 mm|
At least one surviving example is known.
For images of some of these very rare notes, see here:
In the year 1260, Kublai Khan established two currencies: the first backed by silk, and the second backed by silver. The first, issued in July, was unsuccess; the second, issued in October, was very successful. Using the lessons learned from the failure of the Jin dynasty currency, the Yuan dynasty put in several measurement to ensure stability:
1) No limit on region or time;
2) Old paper monet was forbidden, but could be exchanged;
3) All taxes were required to be paid in by using banknotes;
4) Silver reserves were held to ensure free conversion between paper and silver; and
5) Banknotes could be used only in commercial transactions.
For more information about these banknotes, see here:
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