Print Friendly Version of this pagePrint Get a PDF version of this webpagePDF Bookmark

From the Archives: The Fate of Paper Money

FROM THE ARCHIVES:

The first well-known widespread use of paper money was in China during the Tang (618-907 A.D.) dynasty around 800 A.D.

Paper money spread to the city of Tabriz, Persia in 1294 and to parts of India andJapan between 1319 to 1331. However, its use was very short-lived in these regions. In Persia, the merchants refused to recognize the new money, thus bringing trade to a standstill. By 1455, after over 600 years, the Chinese abandoned paper money due to numerous problems of over issuance and hyperinflation.

 

 

Figure 1. This Kuan note is the oldest known banknote in the world. It was made in China circa 1380.

 

Paper money did not arrive in Europe till 1633 with the earliest known English goldsmith certificates being used not only as receipts for reclaiming deposits but also as evidence of ability to pay.

 

In 1656, the Bank of Sweden is founded with a charter that authorizes it to accept deposits, grant loans and mortgages, and issue bills of credit.

 

By 1660, the English Goldsmiths’ receipts became a convenient alternative to handling coins or bullion. The realisation by goldsmiths that borrowers would find them just as convenient as depositors marks the start of the use of banknotes inEngland.

 

In 1661, the Bank of Sweden becomes first chartered bank in Europe to issues notes known as the paper daler.

 

 

Figure 2. A 50-Daler note from the Bank of Sweden issued in 1666.

 

At present there are 177 currencies being used in the world. Below is a list containing all currencies currently in circulation. Not all currencies are widely used and accepted, such as the various banknotes of the pound sterling.

 

 

 

Currency Name (Currency Code)

 

 

Inception

 

Duration

Venezuela Bolivar Fuerte

2008

7 mos.

Sudanese Pound (SDG)

2007

1

Turkish New Lira (TRY)

2005

3

Suriname Dollar (SRD)

2004

4

Afghanistan Afghani (AFN)

2002

6

Yugoslav Noviy (Super) Dinar (SCD)

2002

6

Transnistrian New Ruble (PDN)

2001

7

Belarus Newer Ruble (BYR)

2000

8

Tajikistan Somoni (TJS)

2000

8

Angola Kwanza (new) (AOA)

1999

9

Bulgarian New Lev (BGN)

1999

9

Euro (EUR)

1999

9

Russian Federation New Ruble (RUB)

1999

9

Congolese Franc (CDF)

1998

10

Eritrean Nakfa (ERN)

1997

11

Ukraine Hryvnia (UAH)

1996

12

Bosnia Convertible Mark (BAM)

1995

13

Georgia Larit (GEL)

1995

13

Polish New Zloty (PLN)

1995

13

Serbian Dinar (RSD)

1994

14

Brazil Real (BRL)

1994

14

Croatian Kuna (HRK)

1994

14

Cuba “Peso Convertible” (CUC)

1994

14

Yugoslav Noviy (Super) Dinar (YUM)

1994

14

Somaliland Shilling (SQS)

1994

14

Uzbekistan Sum (UZS)

1994

14

Armenian Dram (AMD)

1993

15

Azerbaijan Manat (AZM)

1993

15

Colombia Peso (COP)

1993

15

Czech Koruna (CZK)

1993

15

Kazakhstan Tenge (KZT)

1993

15

Kyrgyzstan Som (KGS)

1993

15

Latvia Lat (LVL)

1993

15

Lithuania Lita (LTL)

1993

15

Macedonian New Denar (MKD)

1993

15

Mexico New Peso (MXN)

1993

15

Moldovan Leu (MDL)

1993

15

Myanmark Dollar Foreign Exchange Certificates (MMX)

1993

15

Namibia Dollar (NAD)

1993

15

Turkmenistan Manat (TMM)

1993

15

Uruguay Peso Uruguayo (UYU)

1993

15

Argentina Peso Convertible (ARS)

1992

16

Estonia Kroon (EEK)

1992

16

Slovak Koruna (SKK)

1992

16

Slovenia Tolar (SIT)

1992

16

Nicaragua Cordoba Oro (NIO)

1991

17

Peru Sol Nuevo (PEN)

1991

17

Yemeni Rial (YER)

1990

18

Myanmar Kyat (MMK)

1989

19

Bolivian Boliviano (New) (BOB)

1987

21

Cook Islands Dollar (CKD)*

1987

21

Uganda New Shilling (UGX)

1987

21

Aruba Guilder (AWG)

1986

22

New Franc Guineen (GNF)

1986

22

Israel New Shekel (ILS)

1985

23

Viet Nam Dong (VND)

1985

23

Madagascar Ariary (MGA)

1983

25

Iceland Krona (ISK)

1981

27

Maldive Islands Rufiyaa (MVR)

1981

27

Vanuatu Vatu (VUV)

1981

27

Mozambique Metical (MZM)

1980

28

Cambodia New Riel (KHR)

1980

28

Lesotho (Ma)Loti (LSL)

1980

28

Zimbabwe Dollar (ZWD)

1980

28

Ghana New Cedi (GHC)

1979

29

Laos New Kip (LAK)

1979

29

Sri Lanka Rupee (LKR)

1978

30

Djibouti Franc (DJF)

1977

31

Sao Tome and Principe Dobra (STD)

1977

31

Solomon Islands Dollar (SBD)

1977

31

Botswana Pula (BWP)

1976

32

Ethiopian Birr (ETB)

1976

32

Chilean Peso (CLP)

1975

33

Comoros Franc (KMF)

1975

33

Papua New Guinea Kina (PGK)

1975

33

Belize Dollar (BZD)

1974

34

Bhutan Ngultrum (BTN)

1974

34

Somali Shilin Soomaali (SOS)

1974

34

Swaziland Lilangeni (SZL)

1974

34

Barbados Dollar (BBD)

1973

35

Mauritania Ouguiya (MRO)

1973

35

Nigerian Naira (NGN)

1973

35

Qatari Rial (QAR)

1973

35

United Arab Emirates Dirham (AED)

1973

35

Bangladesh Taka (BDT)

1972

36

Rial Omani (OMR)

1972

36

Cayman Islands Dollar (KYD)

1971

37

Gambia Dalasi (GMD)

1971

37

Northern Irish Pound (IBP)

1971

37

Libyan Dinar (LYD)

1971

37

Malawi Kwacha (MWK)

1971

37

Scotland Pound (SSP)

1971

37

Bermudan Dollar (BMD)

1970

38

Fiji Dollar (FJD)

1969

39

Jamaica Dollar (JMD)

1969

39

Maltese Lira (MTL)

1968

40

Zambian Kwacha (ZMK)

1968

40

Brunei Dollar (BND)

1967

41

New Zealand Dollar (NZD)

1967

41

Western Samoa Ta’la (WST)

1967

41

Singapore Dollar (SGD)

1967

41

Australian Dollar (AUD)

1966

42

Bahamas Dollar (BSD)

1966

42

Kenyan Shilling (KES)

1966

42

Tanzania Shilling (TZS)

1966

42

Tonga Pa’anga (TOP)

1966

42

Albanian “Heavy” Lek (ALL)

1965

43

Bahraini Dinar (BHD)

1965

43

Indonesian Rupiah (IDR)

1965

43

Algerian Dinar (DZD)

1964

44

Burundi Franc (BIF)

1964

44

Rwanda Franc (RWF)

1964

44

Sierra Leone Leone (SLL)

1964

44

Malaysian Ringgit (MYR)

1963

45

South Korean Won (KRW)

1962

46

Kuwaiti Dinar (KWD)

1961

47

South African Rand (ZAR)

1961

47

Franc Metropolitan (XMF)

1960

48

Tunisian Dinar (TND)

1960

48

North Korea New Won (KPW)

1959

49

Moroccan Dirham (MAD)

1959

49

Tunisian Dinar (TND)

1958

50

French Polynesian CFP Franc (XPF)

1957

51

Chinese Renminbi Yuan (CNY)

1953

55

Romanian Leu (RON)

1952

56

Saudi Riyal (SAR)

1952

56

Jordan Dinar (JOD)

1950

58

Faeroe Islands Kronur (FOK)

1949

59

Taiwan New Dollar (TWD)

1949

59

Lebanese Pound (LBP)

1948

60

Pakistan Rupee (PKR)

1948

60

Syrian Pound (SYP)

1948

60

Dominican Republic Peso Oro (DOP)

1947

61

Hungary Forint (HUF)

1946

62

Liberian Dollar (LRD)

1944

64

Paraguay Guarani (PYG)

1943

65

West African CFA Franc (XOF)

1941

67

Central African CFA Franc (XAF)

1941

67

Mauritius Rupee (MUR)

1934

74

Nepalese Rupee (NPR)

1933

75

Iranian Rial (IRR)

1932

76

Iraqi Dinar (IQD)

1931

77

Thailand Baht (THB)

1928

80

Gibraltar Pound (GIP)

1713

81

Honduras Lempira (HNL)

1926

82

Guatemala Quetzal (GTQ)

1925

83

Liechtenstein Franc (LIF)*

1921

87

El Salvador Colon (SVC)

1919

89

Guyana Dollar (GYD)

1916

92

Mongolia Tugrik (MNT)

1915

93

Cape Verde Escudo (CVE)

1914

94

Cyprus Pound (CYP)

1914

94

Falkland Islands Pound (FKP)

1908

100

French Pacific Territories Franc (XPF)

1905

103

Norway Krone (NOK)

1905

103

Somali N-Shilling (SON)

1905

103

Trinidad and Tobago Dollar (TTD)

1905

103

Panama Balboa (PAB)

1903

105

Macao Pataca (MOP)

1901

107

Saint Helena Pound (SHP)

1901

107

Seychelles Rupee (SCR)

1900

108

Philippine Piso (PHP)

1898

110

Costa Rican Colon (CRC)

1896

112

Hong Kong Dollar (HKD)

1895

113

Egyptian Pound (EGP)

1885

123

Danish Krone (DKK)

1873

135

Swedish Krona (SEK)

1873

135

Haiti Gourde (HTG)

1872

136

Japanese Yen (JPY)

1871

137

Cuban Peso (CUP)

1859

149

Canadian Dollar (CAD)

1858

150

Guernsey Pound Sterling (GGP)

1827

181

India Rupee (INR)

1823

185

Netherlands Antillan Guilder (ANG)

1821

187

Swiss Franc (CHF)

1799

209

US Dollar (USD)

1792

216

Pound Sterling (GBP)

1694

314

The median age for a live currency is 37 years and at least one, the Zimbabwe dollar, is in the throes of hyperinflation.

 

Excluding the early paper currencies of China up until the 15th century and the majority of paper currencies that existed in China until 1935, there are 609 currencies no longer in circulation. Of these, at least 153 were destroyed as a result of hyperinflation caused by over-issuance. The remainder were revalued, destroyed by military occupation/liberation, renamed for political reasons, or were converted to another currency. The median age for these currencies is only seventeen years.

 

 

 

Currency Name (Currency Code)

 

Inception

Demonetized

Duration
(Years)

Destroyed by
Hyperinflation

DDR Kuponmark (DDK)

1948

1948

1 mo.

Yes

Yugoslav 1994 Dinar (YUG)

1994

1994

1 mo.

Yes

Hungarian Bilpengoe (HUB)

1946

1946

1.5 mos.

Yes

German Gold Mark (DEG)

1923

1923

2 mos.

Yes

Hungarian Adopengoe (HUA)

1946

1946

2 mos.

Yes

Netherlands Rijksdaalder (NLX)

1904

1904

2.5 mos.

Slovenia Laibach Lira (SIL)

1944

1944

2.5 mos.

Hungarian Milpengoe (HUM)

1946

1946

3 mos.

Yes

North Korean Won (KPO)

1959

1959

3 mos.

Yes

Kazakhstan Ruble (KZR)

1993

1993

3 mos.

Yes

Yugoslav October Dinar (YUO)

1993

1993

3 mos.

Yes

Krajina (Serbian Republic) October Dinar (HRKO)

1993

1994

3 mos.

Yes

Polish Zloty Lublin (PLL)

1944

1945

4 mos.

Serbian Republic October Dinar (BASO)

1993

1994

4 mos.

Hungarian Red Army Pengoe (HUR)

1945

1945

6 mos.

Yes

Rupiah Kepulauan Riau(IDRR)

1963

1964

8.5 mos.

Uzbekistan Coupon Sum (UZC)

1993

1994

8.5 mos.

Yes

Japan Base Metal Kammon (JPK)

1904

1905

9 mos.

Yes

Japan Silver Momme (JPM)

1904

1905

9 mos.

Yes

Japan Gold Oban (JPO)

1904

1905

9 mos.

Yes

Lithuania Talonas (LTT)

1992

1993

9 mos.

Yes

Ukraine Karbovanetz (UAK)

1992

1993

11 mos.

Yes

Transnistrian Ruble (PDR)

1994

1994

11 mos.

Yes

French Franc (Assignats) (FRA)

1795

1796

1

Yes

French Franc (Mandats Territorial) (FRM)

1796

1797

1

Yes

Confederate States Reformed Dollar (CSAR)

1864

1865

1

Yes

German New Guinea Mark (PGM)

1914

1915

1

German Southwest AfricaMark (NAP)

1914

1915

1

Transcaucasian Ruble (ZKRR)

1917

1918

1

Austrian Krone (ATK)

1918

1919

1

North Russian Ruble (RUNR)

1919

1920

1

East Africa Florin (XEAF)

1920

1922

1

Russian Ruble of 1922 (RUFR)

1922

1922

1

Yes

Soviet Ruble of 1923 (SUB)

1923

1924

1

Yes

Austrian Allied Military Schillings (ATM)

1944

1945

1

Czechoslovak Red Army Korunu (CSR)

1944

1945

1

Romanian Red Army Leu (ROR)

1944

1945

1

Yes

Azerbaijan Toman (IRZT)

1945

1946

1

Sinkiang Gold Yuan (CNSG)

1948

1949

1

Chinese Gold Chin Yuan (CNG)

1948

1949

1

Yes

Ghana Old Cedi (GHO)

1965

1967

1

Brazil Cruzado Novo (BRN)

1989

1990

1

Yes

Slovenia Tolar Bons (SIB)

1991

1992

1

Moldovan Ruble Kupon (MDR)

1991

1992

1

Yes

Moldovan Leu Cupon (MDC)

1992

1993

1

Albanian Lek Valute (ALV)

1992

1993

1

Serbian Republic Reformed Dinar (BASR)

1992

1993

1

Yes

Krajina (Serbian Republic) Reformed Dinar (HRKR)

1992

1993

1

Yes

Latvia Ruble (LVR)

1992

1993

1

Yes

Macedonian Denar (MKN)

1992

1993

1

Yes

Yugoslav Reformed Dinar (YUR)

1992

1993

1

Yes

Brazil Cruzeiro Real (BRR)

1993

1994

1

Yes

Maryland Red Shillings (CMDR)

1781

1783

2

New Jersey New Shilling (CNJN)

1781

1783

2

Vermont State Shilling (CVTS)

1781

1783

2

Haiti New Paper Gourde (HTN)

1870

1872

2

Yes

Peru Inca (PER)

1880

1882

2

Germany Darlenskasse Ost Ruble (DEOR)

1916

1918

2

Armenian Ruble (AMR)

1918

1920

2

Azerbaijan Republic Ruble (AZR)

1918

1920

2

Khiva Tenga (KHVT)

1918

1920

2

Soviet Armenian Ruble (AMSR)

1920

1922

2

Soviet Azerbaijan Ruble (AZSR)

1920

1922

2

Far Eastern Republic Ruble (DBRR)

1920

1922

2

Soviet Transcaucasian Ruble (ZKSR)

1922

1924

2

Spanish Nationalist Peseta (ESPN)

1936

1939

2

Reichs Karbowanez (UAC)

1942

1944

2

US “Hawaiian” Dollar (USDH)

1942

1944

2

Italy American Military Lira (ITA)

1943

1945

2

Italy British Military Lira (ITB)

1943

1945

2

Italy “Badaglio” Lira (ITLB)

1943

1945

2

Italy “Mussolini” Lira (ITLM)

1943

1945

2

Korean Military Won (KROM)

1945

1947

2

French Franc Nouveau (FRF)

1960

1962

2

Biafran Pound (BIAP)

1968

1970

2

Oman Rial Saidi (OMS)

1970

1972

2

Argentina Peso Argentino (ARP)

1983

1985

2

Yes

Yugoslav Convertible Dinar (YUN)

1990

1992

2

Yes

Belarus Ruble (BYL)

1992

1994

2

Bosnia Dinar (BAD)

1992

1994

2

Yes

Georgia Kupon Larit (GEK)

1993

1995

2

Yes

Krajina (Serbian Republic) 1994 Dinar (HRKG)

1994

1996

2

Yes

Maryland Black Shillings (CMDB)

1780

1783

3

Confederate States Dollar (CSAD)

1861

1864

3

Mexico “Inconvertible” Paper Peso (MXI)

1913

1916

3

Georgian Ruble (GER)

1918

1921

3

Danzig Mark (DZGM)

1920

1923

3

Soviet Khiva Ruble (SUVT)

1920

1923

3

Memel Mark (MMLM)

1920

1923

3

Canton Dollar (CNDC)

1935

1938

3

Netherlands Indies Gumpyo Gulden (IDDJ)

1941

1944

3

Yes

Romania Infinex Leu (ROI)

1941

1944

3

Yes

Philippine Guerilla Peso (PHG)

1942

1945

3

Malaya Gumpyo Dollar (MYAG)

1942

1945

3

Yes

Netherlands Indies Gumpyo Roepiah (NIDR)

1943

1946

3

Nationalist Manchurian Yuan (CNNY)

1945

1948

3

Japanese Allied Yen (JPA)

1945

1948

3

German Allied Mark (DEA)

1945

1948

3

Yes

German Sperrmark (DES)

1951

1954

3

Portuguese India Escudo (INPE)

1959

1962

3

Reunion Franc (REF)

1959

1962

3

Yes

Katanga Franc (KATF)

1960

1963

3

Viet Nam South Dong (VNS)

1975

1978

3

Laos Liberation Kip (LAL)

1976

1979

3

Yes

Brazil Cruzado (BRC)

1986

1989

3

Yes

Nicaragua Cordoba (NIC)

1988

1991

3

Yes

Brazil Cruzeiro (BRE)

1990

1993

3

Yes

Russian Ruble (RUR)

1991

1994

3

Bosnia New Dinar (BAN)

1994

1997

3

Alabama Confederate Dollar (CSALD)

1861

1865

4

Arkansas Confederate Dollar (CSAKD)

1861

1865

4

Florida Confederate Dollar (CSFLD)

1861

1865

4

Georgia Confederate Dollar (CSGAD)

1861

1865

4

Louisiana Confederate Dollar (CSLAD)

1861

1865

4

Mississippi Confederate Dollar (CSMSD)

1861

1865

4

North Carolina Confederate Dollar (CSNCD)

1861

1865

4

South Carolina Confederate Dollar (CSSCD)

1861

1865

4

Tennessee Confederate Dollar (CSTND)

1861

1865

4

Texas Confederate Dollar (CSTXD)

1861

1865

4

Spanish Escudo (ESE)

1864

1868

4

Yugoslav Kronen (YUK)

1918

1922

4

Ruble Sovnazki (RUFS)

1918

1922

4

Latvia Ruble (LVB)

1918

1922

4

Yes

Russian Ruble Sovnazki (RUFS)

1918

1922

4

Yes

Soviet Bukhara Ruble (BKSR)

1920

1924

4

Germany Behelfszahlungsmittel (XDEB)

1940

1944

4

Yes

Nanking/CRB Yuan (CNPN)

1941

1945

4

Burmese Gumpyo Rupee (BUG)

1941

1945

4

Croatian Kuna (HRC)

1941

1945

4

Hong Kong Military Yen (HKG)

1941

1945

4

Philippine Gumpyo Peso (PHJ)

1941

1945

4

Japanese Military Yen (XJPM)

1941

1945

4

Yes

French Indochina Military Yen (ICFG)

1941

1945

4

Yes

Oceania Gumpyo Pound (XOGP)

1941

1945

4

Yes

Serbian Dinar (SRDD)

1941

1945

4

Yes

New Hebrides Franc (NHF)

1941

1945

4

French Franc (Allied Military Provisional) (FRP)

1944

1948

4

Djibouti CFA Franc (DJC)

1945

1949

4

Indonesia Guerilla Rupiah (IDG)

1945

1949

4

Taiwan Nationalist Yuan (TWN)

1945

1949

4

Yes

German Bekomark

1954

1958

4

German Libkamark

1954

1958

4

Ruanda-Urundi Franc (BRIF)

1960

1964

4

Algerian New Franc (DZF)

1960

1964

4

Zambian Pound (ZMP)

1964

1968

4

Congolese Zaire (CDZ)

1967

1971

4

Croatian Dinar (HRD)

1991

1995

4

Tatarstan Shamil (RUTS)

1992

1996

4

Ethiopian Birr (ETB)

1993

1997

4

Afghanistan Dostumi Afghani (AFAD)

1998

2002

4

Yes

Afghanistan Rabbini Afghani (AFAR)

1998

2002

4

Yes

Greek Phoenix (GRP)

1828

1833

5

South African Republic Pound (ZAPP)

1905

1910

5

Serbian Dinar (SRBD)

1913

1918

5

Southwest Africa Mark (NAM)

1915

1920

5

Ukraine Grivna (UAG)

1917

1922

5

Rif Republic Riffan (MARR)

1921

1926

5

Italian East Africa Lira (AOIL)

1936

1941

5

Polish Cracow Zloty (PLK)

1940

1945

5

Slovak Koruna (SKO)

1940

1945

5

Netherlands Indies Gumpyo Roepiah (IDDR)

1941

1946

5

Yes

Indonesia “Java” Rupiah (IDJ)

1945

1950

5

Indonesia “Nica” Guilder (IDD)

1945

1950

5

Romanian New Leu (RON)

1947

1952

5

Yes

Chinese Old Jen Min Piao Yuan (CNP)

1948

1953

5

Yes

Bahraini Dinar (AED)

1971

1976

5

Israel Shekel (ILL)

1980

1985

5

Zairean New Zaire (ZRN)

1993

1998

5

Yes

Angola Kwanza Reajustado (AOR)

1995

2000

5

Yes

Tajikistan Ruble (TJR)

1995

2000

5

Yes

French Livre (Assignats) (FRL)

1789

1795

6

Yes

West Indies Joe (GYJ)

1830

1836

6

Fiume Krone (FIUK)

1918

1924

6

Estonia Marka (EEM)

1918

1924

6

Yes

Bohemia and Moravia Koruna (CSM )

1939

1945

6

Japan Military Yen (CNPY)

1939

1945

6

Yes

Germany Reichskreditkassenscheine (XDEK)

1940

1946

6

North Viet Nam Piastre Dong Viet (VDD )

1953

1959

6

Yes

Rhodesian Pound (RHP)

1964

1970

6

Peru Inti (PEI)

1985

1991

6

Yes

Transnistrian Kupon Ruble (PDK)

1994

2000

6

Yes

Connecticut Continental Shilling (CCTS)

1776

1783

7

Yes

Delaware Continental Shilling (CDES)

1776

1783

7

Yes

Maryland Continental Shilling (CMDS)

1776

1783

7

Yes

Massachusetts Continental Shilling (CMAS)

1776

1783

7

Yes

New Jersey Continental Shilling (CNJS)

1776

1783

7

Yes

New York Continental Shilling (CNYS)

1776

1783

7

Yes

North Carolina Continental Shilling (CNCS)

1776

1783

7

Yes

Pennsylvania Continental Shilling (CPAS)

1776

1783

7

Yes

Rhode Island Continental Shilling (CRHS)

1776

1783

7

Yes

South Carolina Continental Shilling (CSCS)

1776

1783

7

Yes

Virginia Continental Shilling (CVAS)

1776

1783

7

Yes

Georgia Continental Shilling (CGAS)

1776

1783

7

New Hampshire Continental Shilling (CNHS)

1776

1783

7

Hungarian Korona (HUK)

1918

1925

7

Yes

Viet Minh Piastre Dong Viet (VDP)

1946

1953

7

Congolese Republic Franc (CDG)

1960

1967

7

Yes

Gambia Pound (GMP)

1964

1971

7

Malawi Pound (MWP)

1964

1971

7

Qatar-Dubai Riyal (XQDR)

1966

1973

7

Peseta Guineana (GQP)

1968

1975

7

Viet Nam New Dong (VNN)

1978

1985

7

Equatorial Guinea Franco (GQF)

1985

1992

7

Argentina Austral (ARA)

1985

1992

7

Yes

Russian Federation Ruble (RUR)

1991

1998

7

Yes

Belarus New Ruble (BYB)

1994

2001

7

Yes

Massachusetts Shilling Middle Tenor (CMAM)

1741

1749

8

Massachusetts Shilling New Tenor (CMAN)

1741

1749

8

New Hampshire Lawful Shilling (CNHL)

1755

1763

8

Chinese Paper Tael (CNTP)

1853

1861

8

Montenegro Perper (MEP)

1910

1918

8

Kiau Chau Dollar (JPY)

1914

1922

8

Germany Darlenskasse Ost Mark (DEOM)

1914

1922

8

Ottoman Empire Paper Lira (XOTL)

1914

1922

8

Polish Marka (PLM)

1916

1924

8

German Kreditsperrmark (DERK)

1931

1939

8

Yes

German Effektensperrmark (DERE)

1931

1939

8

Yes

Czechoslovak New Koruna (CSC)

1945

1953

8

Irian Barat Rupiah (IDIR)

1963

1971

8

Connecticut Dollar (CCTD)

1783

1792

9

Delaware Dollar (CDED)

1783

1792

9

Georgia Dollar (CGAD)

1783

1792

9

Maryland Dollar (CMDD)

1783

1792

9

Massachusetts Dollar (CMAD)

1783

1792

9

New Hampshire Dollar (CNHD)

1783

1792

9

New Jersey Dollar (CNJD)

1783

1792

9

New York Dollar (CNYD)

1783

1792

9

North Carolina Dollar (CNCD)

1783

1792

9

Pennsylvania Dollar (CPAD)

1783

1792

9

Rhode Island Dollar (CRHD)

1783

1792

9

South Carolina Dollar (CSCD)

1783

1792

9

Virginia Dollar (CVAD)

1783

1792

9

Fiji Old Dollar (FJO)

1865

1874

9

Peking/Tientsin/Northern China/FRB Yuan (CNPP)

1935

1944

9

Meng Chiang (Bank of Inner Mongolia) Yuan (CNPM)

1936

1945

9

Sinkiang Yuan (CNSY)

1939

1948

9

Yes

German Registermark (XRDERM/DERR)

1939

1948

9

Yes

German Handelsperrmark (DERH)

1939

1948

9

Yes

German Reichskreditkassenschein (XDEK)

1939

1948

9

Yes

South Korean Hwan (KRH)

1953

1962

9

Rhodesia and NyasalandFederation Pound (RHFP)

1956

1965

9

Liberian Liberty Dollars (LRDL)

1991

2000

9

Texas Dollar (TXSD)

1836

1846

10

Austro-Hungarian Monetary Union Gulden (XATG)

1857

1867

10

Moldova Ducat (MDD)

1857

1867

10

Colombia Peso (COP)

1905

1915

10

Yes

British Military Authority Lira (LYB)

1941

1951

10

Yes

Greek New Drachma (GRN)

1944

1954

10

Yes

India Haj Pilgrimage Rupee (XINP)

1950

1960

10

Somali Somalo (SOIS)

1950

1960

10

Bulgarian Socialist Lev (BGM)

1952

1962

10

French Affars and Issas Franc (AIF)

1967

1977

10

Rhodesian Dollar (RHD/ZWC)

1970

1980

10

Angola Kwanza Novo (AON)

1990

2000

10

Yes

Angola Escudo Portuguese (AOE)

1914

1925

11

Saar Franc (SAAF)

1919

1930

11

Spanish Republican Peseta (ESPR)

1931

1942

11

Persian Gulf Rupee (XPGR)

1959

1970

11

Reunion Nouveau Franc (REN)

1963

1974

11

Ekuele (Epkwele) Guineana (GQE)

1975

1986

11

Liberian JJ Dollars (LRDJ)

1989

2000

11

German Behelfszahlungsmittel fuer die Deutsche Wehrmacht (XDEB)

1936

1948

12

Yes

North Korea People’s Won (KPP)

1947

1959

12

Yes

Albanian Lek Foreign Exchange Certificates (ALX)

1953

1965

12

Saint Pierre CFA NouveauFranc (XCF)

1960

1972

12

Ghana Revalued Cedi (GHR)

1967

1979

12

New Hampshire Colonial Shilling (CNHC)

1763

1776

13

Rhode Island Colonial Shilling (CRHC)

1763

1776

13

Ecuador Peso (ECP)

1871

1884

13

Soviet Chervonetz (SUC)

1922

1935

13

Manchukuo Yuan (CNMY)

1932

1945

13

Netherlands New GuineaGuilder (NNGG)

1950

1963

13

Argentina Peso Ley 18.188 (ARL)

1970

1983

13

Iraqi “Swiss print” Kurdistan Dinar (IQDS)

1991

2004

13

South German Vereinsgulden (XDSG)

1857

1871

14

Venezuela Venezolano (VEV)

1873

1887

14

Soviet New Ruble (SUM)

1947

1961

14

Guinea Franc (GNI)

1958

1972

14

Nigerian Pound (NGP)

1959

1973

14

Somali Scellino (SOS)

1960

1974

14

Guinea Syli (GNS/GNE)

1972

1986

14

Angola Kwanza (AOK)

1977

1991

14

Connecticut Shilling New Tenor (CCTN)

1740

1755

15

Argentina Peso Fuerte (ARF)

1860

1875

15

Colombian Gold Peso (COG)

1871

1886

15

Crete Drachma (GKD)

1898

1913

15

East Africa Rupee (XEAR)

1905

1920

15

Burmese Rupee (BUR)

1937

1952

15

French Antilles Franc (XNF)

1960

1975

15

Chilean Escudo (CLE)

1960

1975

15

Yes

Sudanese Dinar (SDD)

1992

2007

15

Yes

US Paper Dollar (USP)

1862

1878

16

Bulgarian Lev Srebro (BGS)

1904

1920

16

Italian Somaliland Rupiah (SOIR)

1909

1925

16

Saudi Arabian Riyal (SAA)

1916

1932

16

Danzig Gulden (DZGG)

1923

1939

16

German Rentenmark (DEN)

1923

1939

16

Estonia Kroon (EEN)

1924

1940

16

Saudi Sovereign Riyal (SAS)

1936

1952

16

Southern Rhodesian Currency Board Pound (RHSP)

1940

1956

16

Saint Pierre CFA Franc (XCFG)

1943

1959

16

Yes

Indonesia New Rupiah (IDN)

1949

1965

16

Yes

British Caribbean Territories(Eastern Group) Dollar (XBCD)

1951

1967

16

Timor Escudo (TPE)

1959

1975

16

US Continental Dollar (USC)

1775

1792

17

Yes

Spanish Real/Peso Duro (ESR)

1847

1864

17

Puerto Rican Peso (PRS)

1881

1898

17

Kiau Chau Dollar (KCHD)

1897

1914

17

Shanghai Dollar (CNDA)

1914

1931

17

Peking Dollar (CNDB)

1914

1931

17

Hankow Dollar (CNDH)

1914

1931

17

Kansu Dollar (CNDK)

1914

1931

17

Kwangtung Dollar (CNDG)

1914

1931

17

Manchurian Dollar (CNDM)

1914

1931

17

Heilungkiang Tiao (CNHT)

1914

1931

17

Kirin Tiao (CNKT)

1914

1931

17

Shantung Dollar (CNDS)

1914

1931

17

Szechwan Dollar (CNDZ)

1914

1931

17

Chinese Soviet Yuan (CNSD)

1931

1948

17

Italian States Franco (XITF)

1798

1816

18

Riksdaler Riksmynt (SEM)

1855

1873

18

Latvia Lat (LVA)

1922

1940

18

Lithuanian Lita (LTB)

1922

1940

18

Italian Lira (XITL)

1925

1943

18

Chinese Custom Gold Units (CNU)

1930

1948

18

Djibouti Franc (DJA )

1949

1967

18

Angolan Escudo (AOS)

1958

1976

18

Yes

Uruguay Peso Nuevo (UYP/UYN)

1975

1993

18

Yes

South German Gulden (XDEG)

1838

1857

19

North German Thaler (XDET)

1838

1857

19

Albanian Lek (ALK)

1946

1965

19

North Viet Nam New Dong (VDN/VNC)

1959

1978

19

Brazil Cruzeiro Novo (BRB)

1967

1986

19

Yes

Congo CFA Franc (COF)

1973

1992

19

Gabon CFA Franc (GAF)

1973

1992

19

Chinese US Dollar Foreign Exchange Certificates (CNX)

1979

1998

19

Czechoslovak Pre-War Koruna (CSO)

1919

1939

20

Belgian Belga (BEB)

1925

1945

20

Madagascar Franc (MGG)

1925

1945

20

Libyan Pound (LYP)

1951

1971

20

Cambodia Old Riel (KHO)

1955

1975

20

South Viet Nam RepublicDong (VNR)

1955

1975

20

Yes

Bulgarian Lev Foreign Exchange Certificates (BGX)

1966

1986

20

Luxembourg Convertible Franc (LUC)

1970

1990

20

Guinea-Bissau Peso (GWP)

1976

1996

20

New Hampshire Shilling New Tenor (CNHN)

1742

1763

21

Connecticut Colonial Shilling (CCTC)

1755

1776

21

Russian Gold Ruble (RUER)

1897

1918

21

Albania Franga (ALF)

1925

1946

21

Hungarian Pengoe (HUP)

1925

1946

21

Yes

Laos Old Kip (LAO)

1955

1976

21

Ghana Pound (GHP)

1958

1979

21

Uganda Shilling (UGS/UGW)

1966

1987

21

Yes

Mali Franc (MLF/MAF)

1962

1984

22

Zairean Zaire (ZRZ)

1971

1993

22

Yes

Luxembourg Thaler (LUT)

1848

1871

23

Yugoslav Serbian Dinar (YUS)

1918

1941

23

Mozambique Libra Esterlina (MZL)

1919

1942

23

Tanu Tuva Aksha (TVAA)

1921

1944

23

Soviet Gold Ruble (SUG)

1924

1947

23

Palestine Pound (PSP)

1927

1950

23

Bolivian Peso (BOP)

1963

1986

23

Yes

Brazil Mil Reis (BRM)

1822

1846

24

Yes

Central American Escudo (XCAE)

1823

1847

24

Sinkiang Tael (CNST)

1912

1936

24

Yunnan Yuan (CNYY)

1912

1936

24

Austria Old Schilling (ATO)

1923

1947

24

German Reichsmark (DER)

1924

1948

24

Yes

Yugoslav Hard Dinar (YUD)

1966

1990

24

Yes

Paper Riksdaler Banco (SEO)

1830

1855

25

Austro-Hungarian Gulden (ATG)

1867

1892

25

Colombia Paper Peso (COB)

1880

1905

25

Yes

Malaya Dollar (MYAD)

1938

1963

25

South Yemeni Dinar (YDD)

1965

1990

25

Austro-Hungarian Kronen (ATK)

1892

1918

26

Yes

Massachusetts Colonial Shilling (CMAC)

1749

1776

27

German East African Rupie (DOAR)

1890

1917

27

Maryland Colonial New Shilling (CMDN)

1748

1776

28

North Carolina Shilling New Tenor (CNCN)

1748

1776

28

South Carolina Colonial Shilling (CSCC)

1748

1776

28

Zanzibar Rupee (ZZR)

1908

1936

28

Lebanon-Syria Pound (XLSP)

1920

1948

28

New Jersey Colonial Shilling (CNJC)

1746

1776

30

Haiti Silver Gourde (HTS)

1814

1844

30

British West Indies Dollar (XBWD)

1935

1965

30

Madagascar and Comores CFA Franc (XMCF)

1945

1975

30

Polish US Dollar Foreign Exchange Certificates (PLX)

1960

1990

30

Soviet Hard Ruble (SUR)

1961

1991

30

Rhode Island Proclamation Shilling (CRHP)

1709

1740

31

Rhode Island Shilling New Tenor (CRHN)

1740

1771

31

Guyana British West IndiesDollar (XBWD)

1935

1966

31

Ethiopian Dollar (ETD)

1945

1976

31

French Indochina Piastre of Commerce (ICFC)

1863

1895

32

Cameroon Mark (CMDM)

1884

1916

32

Angola Angolar (AOA)

1926

1958

32

Israel Pound (ILP)

1948

1980

32

COMECON Transferable Ruble (XTR)

1960

1992

32

Tunisian Franc (TNF)

1858

1891

33

Yes

Colombia Peso Oro (COE)

1837

1871

34

Mozambique Mil Reis (MZR)

1877

1911

34

Maldive Islands Rupee (MVP/MVQ)

1947

1981

34

Somalia Shilling (SOS)

1960

1994

34

Yes

Korea Yen (KROY)

1910

1945

35

New Hebrides CFP Franc (NHF)

1945

1981

36

North Korea Foreign Won (KPX)

1959

1995

36

Dutch Gulden (BRG)

1624

1661

37

Burmese Kyat (BUK)

1952

1989

37

Bulgarian Heavy Lev (BGL/BGK)

1962

1999

37

Yes

Haiti Piastre Gourde (HTT)

1776

1814

38

Union Latine Franc (XULF)

1889

1927

38

Union Latine Lira (XULL)

1889

1927

38

Ethiopian Silver Talari (ETT)

1893

1931

38

Netherlands Indies Gumpyo Gulden (NIDJ)

1905

1943

38

Djibouti Franc Germinal (DJG)

1907

1945

38

North Carolina Proclamation Shilling (CNCP)

1709

1748

39

Rial Hassani (MAH)

1881

1920

39

Tibet Silver Rupee (TBR)

1912

1951

39

Finland New Markka (FIM)

1963

2002

39

Paraguay Paper Peso (PYP)

1903

1943

40

Yes

Czechoslovak Hard Koruna (CSK)

1953

1993

40

French Franc (FRF)

1962

2002

40

Georgia Colonial Shilling (CGAC)

1735

1776

41

Philippine Peso Fuerte (PHF)

1857

1898

41

Ottoman Empire Gold Lira (XOTG)

1881

1922

41

South African Pound (ZAP)

1920

1961

41

Sudanese Pound (SDP)

1957

1998

41

Malagasy Franc (MGF)

1963

2004

41

Maryland Proclamation Shilling (CMDP)

1709

1751

42

Italian States Ducat (XITD)

1818

1860

42

Peru Peso (PEP)

1821

1863

42

DDR Ostmark (DDM)

1948

1990

42

East Caribbean Dollar (XCD)

1965

2008

43

Sao Tome and Principe Mil Reis (STM)

1869

1913

44

Bulgarian Lev Zlato (BGZ)

1880

1924

44

Tangier Franco (MATF)

1912

1956

44

Polish Heavy Zloty (PLZ)

1950

1994

44

Yes

South Carolina Proclamation Shilling (CSCP)

1703

1748

45

Massachusetts Old Tenor Proclamation Shilling (CMAP)

1704

1749

45

Cape Verde Mil Reis (CVM)

1869

1914

45

Yes

Serbian Dinar (SRBD)

1873

1918

45

Finland Markka (FIN)

1917

1962

45

Yes

Tonga Pound Sterling (TOS)

1921

1966

45

Brazil Cruzeiro (BRZ)

1942

1987

45

Yes

Connecticut Shilling Old Tenor (CCTO)

1709

1755

46

Argentina National Peso (XARP)

1816

1862

46

Yes

Hawaii Dollar (HWD)

1847

1893

46

Afghanistan Kabuli Rupee (AFR)

1881

1927

46

French West African Franc (XAOF)

1895

1941

46

East Africa Shilling (XEAS)

1921

1967

46

Haiti Paper Gourde (HTP)

1826

1873

47

Luxembourg Mark (LUM)

1871

1918

47

New Caledonia CFP Franc (NCF)

1945

1992

47

Costa Rican Peso (CRP)

1848

1896

48

South Korean Old Won (KRO)

1905

1953

48

Yes

Greek Drachma (GRD)

1954

2002

48

North German Vereinsthaler (XDNT)

1857

1907

50

Yugoslav Federation Dinar (YUF)

1945

1995

50

Yes

Chinese Silver Yin Yuan (CNS)

1949

2000

51

Paraguay Peso Fuerte (PYF)

1871

1923

52

Scandinavian Monetary Union Krona (XSMK)

1872

1924

52

Trinidad and Tobago Dollar (TTO)

1899

1951

52

Fiji Pound (FJP)

1917

1969

52

Delaware Colonial Shilling (CDEC)

1723

1776

53

Italian States Lira Austriaca (XITA)

1813

1866

53

German Mark (DEP)

1871

1924

53

Yes

British West Africa Pound

1913

1966

53

Western Samoa Pound (WSP)

1914

1967

53

New Hampshire Old Tenor Proclamation Shilling (CNHP)

1709

1763

54

Yes

Riksdaler Specie (SES)

1776

1830

54

Paper Riksdaler (SER)

1776

1830

54

Argentina Gold Peso (ARG)

1875

1929

54

Taiwan Yen (TWY)

1895

1949

54

Maltese Pound (MTP)

1914

1968

54

German Deutsche Mark (DEM)

1948

2002

54

Austria (New) Schilling (ATS)

1947

2002

55

Italian States Scudo (XITS)

1814

1870

56

Bermuda Pound (BMP)

1914

1970

56

Paraguay National Peso (PYN)

1813

1870

57

French Oceania (Tahiti) Franc (PFG)

1888

1945

57

Australian Pound (AUP)

1909

1966

57

Montenegro Krone (MEK)

1852

1910

58

Chinese Dollar/Yuan (Chungking/Shanghai Yuan) (CND)

1890

1948

58

Mozambique Escudo (MZE)

1922

1980

58

Union Latine Drachma (XULD)

1868

1927

59

Union Latine Peseta (XULP)

1868

1927

59

Danish Rigsbankdaler (DKR)

1813

1873

60

Greenland Riksbankdaler (GLR)

1813

1873

60

New Zealand Pound (NZP)

1907

1967

60

Dominican Republic Silver Peso (DOS)

1844

1905

61

British North Borneo Dollar (BNBD)

1885

1946

61

Massachusetts Bay Shilling (CMAB)

1642

1704

62

Union Latine Franc (XULF)

1865

1927

62

Union Latine Franc (XULF)

1865

1927

62

Union Latine Franc (XULF)

1865

1927

62

Union Latine Lira (XULL)

1865

1927

62

Portuguese Guinea Escudo (GWE)

1914

1976

62

Iceland Old Krone (ISJ)

1918

1980

62

Yes

Timor Pataca (TPP)

1895

1958

63

Sao Tome and PrincipeEscudo (STE)

1914

1977

63

Andorra Pesseta (ADP)

1936

1999

63

Suriname Guilder (SRG)

1940

2003

63

Yes

New Jersey Proclamation Shilling (CNJP)

1682

1746

64

Jamaica Pound (JMP)

1905

1969

64

Danish West Indies Rigsdaler (DWIR)

1784

1849

65

Nicaragua Silver Peso (NIP)

1847

1912

65

Mauritius Dollar (MUD)

1810

1876

66

New York Proclamation Shilling (CNYP)

1709

1776

67

Pennsylvania Proclamation Dollar (CPAP)

1709

1776

67

Virginia Proclamation Shilling (CVAP)

1709

1776

67

New Caledonia Franc Germinal (NCG)

1874

1941

67

Danish West Indies Dalare (DWID)

1849

1917

68

Luxembourg Gulden (LUG)

1848

1918

70

Argentina Paper Peso Moneda National (ARM)

1899

1970

71

Yes

Portuguese Account Conto (PTC)

1931

2002

71

El Salvador Peso (SVP)

1847

1919

72

Bulgarian Lev (BGO)

1879

1952

73

Yes

Vatican City Lira (VAL)

1929

2002

73

Russian Assignatzia (RUEA)

1768

1843

75

Russian Silver Ruble (RUES)

1839

1914

75

Russian Paper Ruble (RUEP)

1843

1918

75

Belgian Congo Franc (CBEF)

1885

1960

75

Afghanistan Afghani (AFA)

1927

2002

75

Yes

Madeira Islands Milreis (IPM)

1834

1910

76

Portuguese Mil Reis (PTM)

1835

1911

76

Nicaragua Gold Cordoba (NIG)

1912

1988

76

Yes

Ceylon Rupee (LNR)

1872

1949

77

Guatemala Peso (GTP)

1847

1925

78

Portuguese India Rupia (INPR)

1881

1959

78

Moroccan Franc (MAF)

1881

1959

78

Yes

Colombia Peso Oro (COP)

1915

1993

78

Yes

Honduras Peso (HNP)

1847

1926

79

Romania Silver Leu (ROS)

1867

1947

80

Yes

British Honduras Dollar (BZH)

1894

1974

80

Irish Pound (IEP)

1922

2002

80

Sarawak Dollar (SWKD)

1863

1946

83

Turkish Lira (TRL)

1922

2005

83

Yes

German States Convention Thaler (XDCT)

1753

1838

85

Straits Settlements Dollar (STSD)

1857

1946

89

Portuguese Escudo (PTE)

1911

2002

91

Pound Sterling (CAP )

1766

1858

92

Reunion Franc Germinal (REG)

1851

1944

93

Hyderabad Sicca Rupee (INRH)

1858

1951

93

French Indochina Piastre (ICFP)

1862

1955

93

Newfoundland Dollar (NFLD)

1858

1952

94

Greenland Krone (GLK)

1873

1967

94

Polish Zloty (XPLZ)

1700

1795

95

Taiwan Tael/Dollar (TWT)

1800

1895

95

Portuguese Guinea Mil Reis (GWM)

1879

1974

95

Bahamas Pound (BSP)

1869

1966

97

Russian Empire Paper Ruble (RUEP)

1818

1917

99

Bolivia Boliviano (BOL)

1863

1962

99

Yes

Danish Rigsdaler Courant (DKC)

1713

1813

100

Austro-Hungarian Convention Gulden (XATC)

1753

1857

104

East India Rix Dollar (XEIR)

1800

1905

105

Manx Pound (IMP)

1865

1971

106

Iranian Kran (IRK)

1825

1932

107

Franc Guiana (GUF)

1851

1959

108

Guadeloupe Franc (GPF)

1851

1959

108

Martinique Franc (MQF)

1851

1959

108

Algerian Franc Germinal (DZG)

1851

1959

108

Yes

Chilean Peso/Condor (CLC)

1851

1959

108

Yes

Daler Silvermynt (SED)

1665

1776

111

Greek Silver Drachma (GRS)

1833

1944

111

Yes

Uruguay Peso Fuerte (UYF)

1862

1975

113

Yes

Paper Daler (SEP)

1661

1776

115

Ecuador Sucre (ECS)

1884

2000

116

Luxembourg Financial Franc (LUL)

1870

1991

121

Monaco Franc Germinal (MCG)

1837

1959

122

Peru Sol (PES/PEH)

1863

1985

122

Yes

Silver Piastre/Peso (XESE)

1700

1823

123

Brazil Reis (BRD)

1694

1822

128

Yes

Thailand Silver Tical (THT)

1800

1928

128

Netherlands East IndiesGuilder (IDDG)

1817

1945

128

Jersey Pound Sterling (JEP)

1840

1971

131

Spanish Peseta (ESP)

1868

2002

134

Italian States Scudo Romano (XITS)

1700

1835

135

Colonial Shilling (XCCS)

1640

1776

136

San Marino Lira (SML)

1865

2001

136

Venezuela Bolivar (VEB)

1871

2008

137

Yes

East India Company Dollar (XEID)

1719

1858

139

Austrian Paper Gulden (ATP)

1753

1892

139

Italian Lira (ITL)

1862

2002

140

Newfoundland Pound (NFLP)

1713

1858

145

Bukhara Tenga (BKHT)

1768

1920

152

Portuguese Reis (PRT)

1505

1658

153

Luxembourg Franc (LUF)

1848

2002

154

French Franc Germinal/Franc Poincare (FRG)

1803

1959

156

Yes

Azores Milreis (APM)

1750

1911

161

Ceylon Rijksdaalder (Rix Dollar) (XNLR)

1658

1821

163

French Colonial Livre (XFCL)

1654

1820

166

Mexico Silver Peso (MXP)

1822

1992

170

Yes

Belgian Franc (BEF)

1831

2002

171

Tibet Tangka (TBT)

1735

1912

177

Poland Florin Zloty (PLF)

1614

1795

181

Portuguese Reis (PTR)

1722

1911

189

Yes

Netherlands Guilder (NLG)

1813

2002

189

Danish Gold Krone of Account (DKG)

1513

1713

200

French India Roupie (INFR)

1736

1954

218

Scotland Pound (SSP)

1707

1971

264

Northern Irish Pound (IBP)

1694

1971

277

Korea Won (KROW)

1625

1910

285

Italian States Testone (XITT)

1500

1814

314

Iranian Toman (IRT)

1600

1932

332

Mexican Trade Silver Dollar (XMSD)

1600

1935

335

Chinese Silver Tael (CNT)

1600

1935

335

Yes

Hamburg Schilling (HAMS)

1510

1871

361

Ottoman Empire Piastre (XOTP)

1463

1881

418

Italian States Lira (XITL)

1284

1862

578

French Livre Tournois (FRT)

1204

1795

591

Yes

 

The status of the 786 paper currencies listed in this article is shown below.

 

 

Leave a Reply