Conversely, a weaker currency diminishes a banknote’s value in world-wide trade, influencing its acceptance and utility throughout borders. The intricate dance between currencies as well as their values on the global stage significantly shapes the role of banknotes in Worldwide commerce.
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The Chinese federal government issued paper money from the 11th century AD. Within the 13th century, Wooden from mulberry trees was used to make banknotes. To regulate use of the paper, guards were stationed close to mulberry forests, even though counterfeiters were being punished by death.[7]
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