What it is better - a monetary ring or a monetary rustle?
Paper money surprise nobody with the existence, but so was not always. Our ancient ancestors heard only a ring of money, but not their rustle. They did not know problems with one hundred washed in a trouser pocket which can hardly be used after that for designated purpose, with constantly torn shabby notes and with weight ease of piles for which we work the whole month as in their time of money there was much less, but they were much more uvesisty.
Before emergence of paper money gold and other expensive materials was universal currency. Gradually developing, trade conquered the civilized world, and for calculation for the bought goods it was necessary to pay off with metallic currency. At the same time not all countries were able to afford production “ gold money “ as had for this purpose no natural reserves of gold. Introduction into circulation of paper money became a historical necessity. Having appeared on the trade arena, they made even in payment ability of the country to different opportunities in the mining sphere.
Emergence of paper money did not exclude metals which exclusively executed function of money before from use at all. Monetary metals still remained for banks of the world money with centuries-old stability of a course. Moreover, the tradition of use of coins does not leave the modern world as paper notes can be exchanged for metal coins. And though the face value and quality of metal coins much more concedes them to ancestors, this “ trifle “ and now reminds us of thousand-year intermediary mission of metallic currency.
For the first time the rustle of money was heard in medieval China in the XI century of our era. Emergence of paper money was caused by development of trade relations of China of those times that, in turn, resulted in need of increase in money supply for the country. And was from what to China to make paper money as exactly there and there was production of paper.
Unlike other states of that time, in China production of paper promptly developed, there let out so-called “ white “ paper on a cotton basis from which made money centuries later. The first Chinese paper money was called “ the flying coins “. The big role in their name was played by improbable ease of paper notes in comparison with metallic currency.
Throughout XVII_ of a century lightweight money extended across Europe. In the first quarter of the 18th century France let out the first paper liras. In Russia paper bank notes were issued in 1769 under Ekaterina`s decree ²². In 1862 paper dollars appeared in America, the USA.
How paper money was universal in use and under the authority of the economic account, monetary metal after the millennia kept the value despite everything. And the course of paper money, very fragile in itself, is unstable as this course depends on the bank which is letting out them or mood of the government. Therefore paper money can quickly depreciate under the influence of economic and political cataclysms.
Electronic technologies in the bank sphere quickly develop, and it is unknown whether paper money will accompany trade operations in the future. The probability that they will be replaced completely by plastic cards and " is high; hidden “ bank accounts. And “ to the flying coins “ it is fated to depart to history.
And instead of a ring and a rustle of money we will receive honor to listen only to buzzer sounds when passing payment. And that not always.