China, Coinage
Copper coins were used throughout the Ming dynasty. Paper money was used for various kinds of payments and grants by the government, but it was always nonconvertible and, consequently, lost value disastrously. It would, in fact, have been utterly valueless except that it was prescribed for the payment of certain types of taxes. The exchange of precious metals was forbidden
posted by StickySpade @ 11:31 AM
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