Knowledge (XXG)

Flying cash

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in circulation was scarce and when Chinese merchants would travel to the capital city, the merchants would entrust their money to the representative offices of their local governments, to the various armies of the Tang dynasty, government commissioners, and local rich families. The merchants did this
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Originally the government of the Tang dynasty was less than receptive to the idea of bills of exchange and had attempted banning them on multiple occasions, but in 812 flying cash were officially accepted as a valid means of exchange. After the government had accepted these bills the supervision of
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which proved to be a hindrance for daily business transactions in the Tang dynasty. The creation of the flying cash happened after a tax reform that allowed for the partial acceptance of taxes in money, which had increased the demand for currency which scared the government that merchants would
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which hampered long-distance trade in the Tang dynasty and harmed the national economy. The people that had the largest benefit from the introduction of flying cash were tea merchants and these merchants helped improve the trade between the capital and the regions.
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occupation that paper money was officially established as a legal tender. Eventually, the Song Dynasty began to issue more notes to pay its bills- a practice that ultimately contributed to runaway inflation.
359:- Department of Finance and Statistical Analysis; National Bureau of Economic Research (NBER); European Corporate Governance Institute; Asian Bureau of Finance and Economic Research) & Fan Yang ( 437:
Zhou Fazeng (周發增), Chen Longtao (陳隆濤), Qi Jixiang (齊吉祥), ed. (1998). Zhongguo gudai zhengzhi zhidu shi cidian (中國古代政治制度史辭典) (Beijing: Shoudu shifan daxue chubanshe), 362. (in Chinese)
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invented by merchants but adopted by the state. Its name came from their ability to transfer cash across vast distances without physically transporting it. It is a precursor to true
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Kang Guohong (康國宏) (1997). "Feiqian (飛錢)", in Men Kui (門巋), Zhang Yanqin (張燕瑾), ed. Zhonghua guocui da cidian (中華國粹大辭典) (Xianggang: Guoji wenhua chuban gongsi), 104. (in Chinese)
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remove cash coins from the capital to circulate so they ordered the local governments to set up monetary systems based on silk, other fabrics, and daily items akin to
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to lighten their traveling burdens as they would hurry away in all directions. When the tallies were matched at a local office, they could withdraw their money.
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Yao Enquan (姚恩權) (1993). "Feiqian (飛錢)", in Shi Quanchang 石泉長, ed. Zhonghua baike yaolan (中華百科要覽) (Shenyang: Liaoning renmin chubanshe), 85. (in Chinese)
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and, therefore, their circulation was limited. However, since they could be exchanged for hard currency at the capital with an exchange fee of 100
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had convinced the imperial government to actively enforce its salt monopoly again. This was known as the
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2000 ff. © Ulrich Theobald - ChinaKnowledge.de - An Encyclopaedia on Chinese History, Literature and Art
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was controlled by local governments as opposed to the imperial government, this system was known as the
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directly as opposed to transporting government provisions to them. During the reign of the
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Chinese merchants were paid in salt certificates in exchange for supplying the
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A Compilation of Pictures of Chinese Ancient Paper Money
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Inner Mongolian Numismatic Research Institute (1992).
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Flying cash was never originally meant to be used as
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Norton & Company. p. 352. 902:List of Chinese cash coins by inscription 599:Banknotes of the Ta-Ching Government Bank 234: 381: 218:Economic history of China (1912–1949) 7: 213:Economic history of China (Pre-1911) 92:Between the years 618 and 758 the 14: 1187:Manufacturing and casting process 619: 613: 319:"feiqian 飛錢, bills of exchange." 187: 173: 76:, the Tax Bureau (度支司), and the 992:Paper money of the Qing dynasty 965:Jin dynasty coinage (1115–1234) 584:Paper money of the Qing dynasty 72:flying cash was handled by the 1388:Special administrative regions 24: 1: 1265:Charms and amulets (Yansheng) 955:Southern Song dynasty coinage 1045:Yuan of the Red Army Command 405:Worlds Together Worlds Apart 1456:Economy of the Tang dynasty 897:History of Chinese currency 403:Pollard, Elizabeth (2015). 1472: 845:List of Chinese inventions 361:University of Saskatchewan 78:Salt Monopoly Bureau (鹽錢司) 45:which appeared during the 1409: 1013:Historical money of Tibet 841: 611: 244:Money and Credit in China 242:Yang, Lien-sheng (1971). 1168:Great Qing Treasure Note 1163:Great Ming Treasure Note 589:Great Qing Treasure Note 566:Great Ming Treasure Note 74:Ministry of Revenue (戶部) 917:By period (before 1912) 907:Ancient Chinese coinage 829:Triple Stimulus Voucher 33:, was a type of paper 940:Southern Tang coinage 357:University of Alberta 154:It was not until the 94:Chinese salt monopoly 35:negotiable instrument 1275:Vault protector coin 987:Qing dynasty coinage 982:Ming dynasty coinage 977:Yuan dynasty coinage 945:Liao dynasty coinage 925:Zhou dynasty coinage 824:ROC consumer voucher 37:used during China's 1451:Medieval currencies 1436:Currencies of China 1258:Historical exonumia 960:Western Xia coinage 935:Xin dynasty coinage 930:Han dynasty coinage 884:Currencies of China 363:) (12 April 2010). 629:Privately produced 365:"The Shanxi Banks" 294:"New Book of Tang" 195:Numismatics portal 1423: 1422: 1329:New Taiwan dollar 1321:Chinese gold yuan 1316:Old Taiwan dollar 1308:Customs gold unit 1300:Republic of China 1006:Other territories 851: 850: 837: 836: 685:New Taiwan dollar 609: 608: 414:978-0-393-92207-3 60:copper cash coins 52:According to the 1463: 1415:Economy of China 1396:Hong Kong dollar 878: 871: 864: 855: 816:stimulus coupons 809: 703:Hong Kong dollar 623: 617: 486: 465: 458: 451: 442: 419: 418: 400: 394: 393: 387: 379: 377: 375: 352: 335: 334: 332: 330: 315: 309: 308: 306: 304: 289: 283: 282: 264: 258: 257: 239: 223:Economy of China 197: 192: 191: 190: 183: 178: 177: 176: 118:Emperor Xianzong 55:New Book of Tang 26: 1471: 1470: 1466: 1465: 1464: 1462: 1461: 1460: 1426: 1425: 1424: 1419: 1405: 1401:Macanese pataca 1382: 1338: 1294: 1253: 1205: 1182: 1126:Kaiyuan Tongbao 1092: 1049: 1001: 911: 885: 882: 852: 847: 833: 807: 789: 697: 679: 640: 624: 618: 605: 570: 552: 530: 502: 475: 469: 428: 423: 422: 415: 402: 401: 397: 380: 373: 371: 355:Randall Morck ( 354: 353: 338: 328: 326: 317: 316: 312: 302: 300: 291: 290: 286: 279: 266: 265: 261: 254: 241: 240: 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Retrieved 369:Academia.edu 327:. Retrieved 322: 313: 301:. Retrieved 297: 287: 268: 262: 243: 237: 181:Money portal 156:Song dynasty 153: 144: 138: 135:legal tender 132: 110:Zhece policy 109: 108:. Under the 106:Zhece policy 105: 97: 91: 82:Song dynasty 70: 53: 51: 47:Song dynasty 39:Tang dynasty 29: 28: 16: 15: 1210:Near modern 1194:Mother coin 1138:Flying cash 1088:Spade money 1078:Knife money 498:Flying cash 474:paper money 17:Flying cash 1430:Categories 1413:See also: 1270:Horse coin 1225:Candareen 1106:Cash coins 843:See also: 803:Joss paper 693:5th series 636:Zhuangpiao 374:31 October 329:6 February 229:References 122:cash coins 1446:Banknotes 1116:Ban Liang 1083:Ying Yuan 813:Taiwanese 143:per 1000 43:banknotes 1344:Renminbi 1158:Jiaochao 1098:Imperial 1068:Tong Bei 1038:Hongqian 997:Shengbao 890:Overview 795:Exonumia 646:Renminbi 548:Jiaochao 384:cite web 167:See also 1378:Digital 1243:(liǎng) 1111:Strings 1055:Ancient 472:Chinese 426:Sources 303:31 July 102:Liu Yan 30:Feipiao 21:Chinese 1346:series 1235:(qián) 1148:Guanzi 1143:Jiaozi 1121:Wu Zhu 785:$ 1000 648:series 521:Guanzi 516:Jiaozi 411:  275:  250:  203:Hawala 88:Origin 65:barter 27:), or 23:: 1290:Token 1241:Tael 1233:Mace 1227:(fēn) 1219:(wén) 1217:Cash 1153:Huizi 1133:Sycee 780:$ 500 774:$ 150 768:$ 100 526:Huizi 1312:Fabi 1249:Yuan 763:$ 50 757:$ 25 751:$ 20 746:$ 10 538:and 409:ISBN 390:link 376:2019 331:2018 305:2019 273:ISBN 248:ISBN 1373:5th 1368:4th 1363:3rd 1358:2nd 1353:1st 1333:5th 740:$ 5 733:$ 1 726:10¢ 675:5th 670:4th 665:3rd 660:2nd 655:1st 536:Jin 160:Jin 145:wén 140:wén 129:Use 1432:: 719:5¢ 712:1¢ 386:}} 382:{{ 367:. 339:^ 321:. 296:. 84:. 49:. 25:飛錢 1335:) 1331:( 877:e 870:t 863:v 464:e 457:t 450:v 417:. 392:) 378:. 333:. 307:. 281:. 256:. 19:(

Index

Chinese
negotiable instrument
Tang dynasty
banknotes
Song dynasty
New Book of Tang
copper cash coins
barter
Ministry of Revenue (戶部)
Salt Monopoly Bureau (鹽錢司)
Song dynasty
Chinese salt monopoly
Liu Yan
frontier armies
Emperor Xianzong
cash coins
legal tender
wén
Five Dynasties
Song dynasty
Jin
Money portal
Numismatics portal
Hawala
Fiat currency
Economic history of China (Pre-1911)
Economic history of China (1912–1949)
Economy of China
ISBN
0-674-58300-0

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