Jiaozi: The World’s First Official Paper Money

What this episode covers

Just over 1,000 years ago, Sichuan in southwest China issued the world’s first officially backed paper money. Today, we’ll talk about what local conditions spurred this financial revolution, and how traders were able to cash in on the innovation.

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Frequently Asked Questions

How long is this episode of The Context?

This episode is 14 minutes long.

When was this The Context episode published?

This episode was published on April 15, 2025.

What is this episode about?

Just over 1,000 years ago, Sichuan in southwest China issued the world’s first officially backed paper money. Today, we’ll talk about what local conditions spurred this financial revolution, and how traders were able to cash in on the innovation.

Is there a transcript available for this episode?

Yes, a full transcript is available for this episode. You can read the complete transcript on the episode page.

Can I download this The Context episode?

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