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Sweden and Europe's First Banknote
Nov 21 2016

The earliest European banknote most collectors will ever see was issued in Sweden in 1666, a happy coincidence given the anniversary we are now celebrating. The story of Europe's first banknote actually goes back even earlier and Sweden can make a technical claim to being the first country in the world to issue bank notes, on the grounds that the paper money issued in China from the 11th to 13th centuries was issued not by a bank but by the Emperor's treasury, as a substitute for cumbersome qua...