The existence of money as a means of buying or selling goods and services dates back to at least 3000 B.C., when the Sumerians began using metal coins in place of bartering with barley. The use of paper money began in China during the seventh century,...

Paper CURRENCY issued by a bank. Although the first known notes were issued by Chinese banks in the eleventh century, it was not until the eighteenth and nineteenth centuries that they substantially replaced coinage and BILLS OF EXCHANGE. In London,...

A banknote (often known as a bill or simply a note) is a kind of negotiable instrument, a promissory note made by a bank payable to the bearer on demand, used as money, and in many jurisdictions is legal tender. Along with coins, banknotes make up the...

Byline: MAIRI MACDONALD Cash is no longer king as shoppers buy with plastic and pay bills by phone or on the internet. But as the use of banknotes dwindles, interest among collectors grows. The annual banknote fair next weekend is expected...

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