Independence Day 2025 | A nation in banknotes
The birth of a banknote occurred in the 18th century Defined by a nation and driven by commerce, a banknote โ a promissory note issued by a bank and payable to the bearer on demand โ is many things. For the longest time in history, the idea of money was transactional, pivoting from barter systems to commodity exchange such as grain, metal and metal coins, and a form of paper money in early Chinese history.The birth of a banknote, and money as we know it now, occurred only in the 18th century. Today, banknotes are so ubiquitous that few realise…