Over a thousand years ago, people in the Northern Song Dynasty (960–1127) in China invented the world's first paper currency—Jiaozi. The advent of Jiaozi demonstrated to the world that objects ...

COOS BAY -- The Egyptian Theatre Preservation Association says it will need between $80,000 to $100,000 of local money in order to get the theater doors open within a year.

The new paper money had an attractive feature: it was guaranteed to trade for a specific weight of silver, and, unlike coins, could not be melted down or devalued.

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. Understanding Paper Money .