Brief history of Ming dynasty banknote

Ming dynasty banknote. China, first issued 1375. This banknote is worth one string of 1000 coins. The note is named at the top as 'Great Ming Circulating Treasure Note'. The string of coins is illustrated at the center of the note. Although Ming banknotes have denominations expressed in bronze coins, in fact silver was increasingly being used at this time. Great Ming Circulating Treasure Note, China, 1375, donated by ifs School of Finance