Now we all accept money in exchange for goods and services. We use money to buy clothes, food, furniture, books, cars and many other things we need or want. When we work, we usually get paid in paper currency.
Most of the money circulating today is made of metal, paper or plastics. But in ancient times, people actually used various kinds of things as exchange media, such as knives, cloth, rice, gold and silver. In China, for instance, cloth and metals were used as money for thousands of years. In southeast Asia and parts of Africa, rice and other things were used as money for a long time.
Today everybody knows that the first metal coins were made in China. England used tin to make its first coins. Russia and some other countries used copper to make their money. Later, a number of countries began to make coins of gold and silver. Again the Chinese people thought of a way to improve their money. As the metal money was inconvenient if you wanted to buy something expensive, paper currency came into existence, though the first paper money looked more like a note from one person to another than the paper currency we use today.
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