Chinese Currency - History

History

Around 210BC, the first emperor of China Qin Shi Huang (Chinese: 秦始皇; pinyin: Qín Shǐ Huáng, 260 BC – 210 BC) abolished all other forms of local currency and introduced a uniform copper coin based on the coins previously used by Qin. These copper coins were round-shaped with a square hole in the centre to allow the coins to be strung together to create higher denominations of currency. Similar copper coins were used as the chief denomination in China until the introduction of the yuan in the late 19th century.

Read more about this topic:  Chinese Currency

Famous quotes containing the word history:

    ... that there is no other way,
    That the history of creation proceeds according to
    Stringent laws, and that things
    Do get done in this way, but never the things
    We set out to accomplish and wanted so desperately
    To see come into being.
    John Ashbery (b. 1927)

    The whole history of civilisation is strewn with creeds and institutions which were invaluable at first, and deadly afterwards.
    Walter Bagehot (1826–1877)

    We know only a single science, the science of history. One can look at history from two sides and divide it into the history of nature and the history of men. However, the two sides are not to be divided off; as long as men exist the history of nature and the history of men are mutually conditioned.
    Karl Marx (1818–1883)