Paper Currency -

: Sweden's Stockholms Banco issued the first European banknotes in 1661.

: While modern banknotes like the US dollar are fiat money (having no intrinsic value), they serve as the primary medium of exchange in many economies. paper currency

: Promissory notes originated in 7th-century China during the Tang Dynasty to avoid carrying heavy metal coins. : Sweden's Stockholms Banco issued the first European

: Designs visible only when the note is tilted at specific angles. paper currency