Paper money is not really made out of paper.
Unlike most paper, which is made out of wood pulp, money is made out of 75% cotton and 25% linen.
Back in the days of Ben Franklin, people would even repair torn bills with a needle and a thread.
Now that’s definitely one way to lengthen money’s short lifespan!
- Paper money is a country's official, paper currency that is circulated for the transactions involved in acquiring goods and services.
- The printing of paper money is typically regulated by a country's central bank or treasury in order to keep the flow of funds in line with monetary policy.
- Paper money tends to be updated with new versions that contain security features and attempt to make it more difficult for counterfeiters to create illegal copies.
- The first recorded use of paper money was purported to be in the country of China during the 7th century A.D. as a means of reducing the need to carry heavy and cumbersome strings of metallic coins to conduct transactions. Similar to making a deposit at a modern bank, individuals would transfer their coins to a trustworthy party and then receive a note denoting how much money they had deposited. The note could then be redeemed for currency at a later date.
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