-
300
650 BC
Lydians introduce the use of gold and silver coins -
Period: 300 to
Money
-
Jan 1, 600
China uses banknotes called Jiaozi
China introduces banknotes called Jiaozi -
Jan 1, 1200
First recognised cheque system
The Knights Templar introduced a cheque system for pilgrims travelling to the Holy Land or across Europe -
Jan 1, 1200
Italians surprised China was using paper notes
-
Banknotes first issued in Europe
First issued in Europe by Stockholms Banco in 1661 and could be exchanged for gold or silver coins -
Many forms of currency are used in Australia
After the arrival of the European settlers in 1788, many different forms of currency were used as there was no official currency initiated, so barter was appropriate -
Many countries issuing paper money
By the 19th century, many governments around the world were issuing paper money which were specified to be a number of dollars, pounds, francs or yen and were recognised as legal tender. -
The weights of U.S silver coins were reduced
In 1853, the weights of U.S. silver coins (except, interestingly, the dollar itself, which was rarely used) were reduced. -
Federation
The Federal Government was given the responsibility for establishing a recognised currency for Australia; it was first recognised and based on the British System of 12 pence to a shilling and 20 shillings to a pound -
Credit cards first used
Credit cards were mainly used to sell fuel to 'automobile' owners, but gradually grew until they were used in many more places -
Australia initiated the change to decimal currency
Sir Robert Menzies was a part of the initiation of the Australian Dollar on February 14 1966. -
Polymer notes introduced in Australia
After the first $10 note was produced, the nation had a mass counterfeiting problem, so they decided to change the notes into a polymer material for security purposes
