Paper Money With No Financial Value Used For Burning At Ceremonies .

There are certain special days when paper money is used for burning in ceremonies in paying respects to ancesters. Although such paper money has no financial value, much attention is given to the production of this paper money to give it an attractive appearance. In some places, in or near buddhist temples, there are special units purposely designed and constructed for the burning of paper money. At 'Ancesters Day' at days of 'Memorials', the ceremony of burning paper money is evident. It is said that ''paper money'' was first used in China, but not in the ways that the paper money on sale in the town market would be disposed of.

Is it possible that the paper money sold on the fairground stalls would have a financial value in excess of the bank notes used to buy them! Some of them certaining looked more attractive than the old, soiled, and creased paper currency in circulation.

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** First banknotes in the world: The use of paper money as a circulating medium is intimately related to shortages of metal for coins. In ancient China coins were circular with a rectangular hole in the middle. Several coins could be strung together on a rope. Merchants in China, if they became rich enough, found that their strings of coins were too heavy to carry around easily. To solve this problem, coins were often left with a trustworthy person, and the merchant was given a slip of paper recording how much money he had with that person. If he showed the paper to that person he could regain his money. Eventually from this paper money "jiaozi" originated.
** Src: Wikipedia.org