Paper Currency -

: Sweden's Stockholms Banco issued the first European banknotes in 1661.

: Designs visible only when the note is tilted at specific angles. paper currency

: Historically, many paper currencies were backed by gold reserves until the mid-20th century; the US officially ended gold convertibility in 1971. : Sweden's Stockholms Banco issued the first European

: Promissory notes originated in 7th-century China during the Tang Dynasty to avoid carrying heavy metal coins. and systemic resilience. II. Historical Evolution

: Despite the rapid rise of digital payments, paper currency remains a critical tool for financial inclusion, privacy, and systemic resilience. II. Historical Evolution