The Pesky Toad

The Toad's Take: Tech, Macro, & Pescadero Life

Reality Check Toad's Satire Survival Guide Community Hub Reading Stack Back to The Take

This story has rotated off the live feed but the permalink stays available for sharing and search.

news Scmp World 2026-05-14

China's Song Dynasty Pioneered Global Fiat Currency Centuries Ago

The 11th-century Song Dynasty in China pioneered the world's first paper currency, known as jiaozi. This innovation arose from a shortage of bronze coins and a growing economy.

Read Original Story →

Share on Facebook WhatsApp

Support Your Local Toad

The Pesky Toad is free and ad-light. If you find it useful, toss a few pesos in the tip jar to help keep the servers running and the satire flowing.