Centuries ahead of Wall Street: how China’s Song dynasty pioneered global fiat currency
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Source: South China Morning Post
Published: 2026-05-14 11:30 UTC+10:00
Section: Yuan
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Crime & Justice, Asia, Economy & Finance, China, Financial Markets, World News, Business & Economy, Crime & Justice, Asia Pacific
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Snippet:
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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