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Encyclopedia > Chinese wen

The wen (cash in English) was the currency of China from the 6th century BC until 1889, with wen continuing to circulate into the 20th century. The English language is a West Germanic language that originates in England. ...


Wen coins were cast in copper, brass or iron, usually with a round shape containing a square hole. The hole enabled the coins to be strung together to create higher denominations, as was frequently done due to the wen's low value.


The world's first paper money, issued in China between the 7th and 15th centuries AD, was denominated in wen. The notes carried depictions of coins, sometimes in strings of ten. They suffered from hyperinflation due to over production without sufficient coins to back them and were withdrawn. Paper Money is the second album by the band Montrose. ... In economics, hyperinflation is inflation which is out of control, a condition in which prices increase rapidly as a currency loses its value. ...


In the 19th century, foreign coins began to circulate widely in China, particularly silver coins such as the Mexican peso. In 1889, production began of struck coins denominated in yuan and subdivisions. The yuan was worth 1000 wen. The peso is the currency of Mexico. ...



 
 

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