The idea of the paper-currency was born in the day where a person, needing current currencies, delivered to another one a valley for swap of merchandises or metals (gold, silver, iron or have covered), later data in payment to one third, with right to receive it from the drawer. With similar function, they had circulated in the Average Age receipts of gold deposits in dust, that circulated as currency-current, therefore was easily divisible, but difficult to have its guaranteed pureness. These vouchers called receipts silversmith, therefore they were in them that certain traders trusted, thanks to its idoneousness and whose signature guarantee the presented values.

French ballot of  25 Sols (1792).

   The traders, worried about the method of clipping of the gold of the currencies, were obliged to weigh the parts and to verify the fine metal text, in operations sufficiently delayed. To prevent them, they had started to keep the money in banks of deposits that had appeared in Italy and some other countries of séc. XI to XV They received a certificate of deposit, of which consisted the promise of devolution to the carrier of the amount deliver. This ticket, convertible to the sight, it gave to beginning to that we know today as representative currency of paper or, that counted, thus, with a noble metal ballast.

In Séc. XIII, the navigating celebrity veneziano Landmark Polar region took the cable its adventure for China. Its registers contain the first occidental descriptions with relation to the paper-currency in an incompressible monetary form for the Europeans of those times due to lack of an intrinsic and real value: the ballast.

This form of paper-currency if developed for proper itself, initially as emergency money and soon after as legal form. In Sweden, in 1661, due to lack and to the incredulity of the currencies of low value in copper and the scarcity of silver until then current, the first ballots without ballast in the Europe for the Stockholms had been emitted Bank.

Paraguayan ballot in the value of 4 Reales (1860).

 

The idea of paper-currency lastreado for a noble metal if kept firm until the Second World War I, time in which some countries had had its economies full modified. The recent theories and economic and marketing comments had given to new format and function to the paper-currency, transforming it into a representation of the economic health of a country.

Hungarian ballot in the value of 10 Florins (1848).