money history

in #lokkochut7 years ago

When banknotes first appeared, people wondered how to mark them with seals, numbers and symbols that have a material value like gold and silver?
The community has not accepted this foreign financial system and has not been supported by banks, rested For a long time, secret transactions based on trust between traders have been retained, provided that the transaction with notes remains a token that reflects the amount of gold or silver What will be exchanged for other products.

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These are what happened all over the globe, exchange in goods are comes in any form of transactions based on any trust.not only on currency.