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December 11, 2012

Money Paper

Money Paper 

Money paper circulating in Europe today appears to have unique history. Earlier in the mid 16th century, is something usually when a nobleman or rich people to storing gold jewelry, coins, precious stones in her drawer particular jeweler. Goldsmith next provide an official receipt and write down the number property stored in it.

However, further development of the goldsmith's paper evolved into money. People who need money but feel lazy to go to a jeweler to sell papers Official jewelry as a means of payment and begin development of the next paper of this payment as a means to eventually establish a system of the first bank in Europe in the 16th century.


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