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Denomination - paper currency with marked on it face value .

history
First heard the rustle of banknotes in medieval China in the XI century BC The appearance of paper money was due to the development of trade relations between China and the times , which in turn led to the need to increase the money supply in the country . And he may have something to do China bill , as it is, there arose the production of paper.
The first Chinese paper money called "flying coins ." A big role in their title played incredible ease of banknotes than metal money.
For in HVIIІ . lightweight money spread across Europe . In the first quarter of XVIII century . France issued its first paper lira. In the Russian paper money was issued in 1769 by decree of Catherine II . In 1862, the paper dollars appeared in America , USA.
The emergence of bills was inevitable , since the increase in the volume of commodity production led to a rising exchange. Full-fledged money was not in a position to meet the growing needs of the economy in the means of circulation, and it became necessary to introduce a new form of money - bills that were full-fledged members of the money , ie coins. The denomination was a receipt with the requirement to release it to the bank to issue bearer notes specified number of coins in it .

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