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Legal Tales | How China’s Song dynasty beat Wall Street to fiat currency by centuries

  • Posted on May 14, 2026
  • By South China Morning Post
  • 0 Views
  • 1 min read
Legal Tales | How China’s Song dynasty beat Wall Street to fiat currency by centuries
Legal Tales | How China’s Song dynasty beat Wall Street to fiat currency by centuries

Ancient China’s invention of paper money laid the foundations of modern sovereign finance, shaping systems that still influence the global economy today.
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Author
South China Morning Post

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