when was paper money first used in europe
Banknote The idea of using a durable lightweight substance as evidence of a promise to pay a bearer on demand originated in China during the Han Dynasty in 118 BC, and was made of leather.[4] Although Carthage was purported to have issued bank notes on parchment or leather, at least before the city's destruction in 146 BC, making Carthage the oldest known user of lightweight promissory notes.[5][6][7]The first known banknote was first developed in China during the Tang and Song dynasties, starting in the 7th century. Its roots were in merchant receipts of deposit during the Tang Dynasty (618–907), as merchants and wholesalers desired to avoid the heavy bulk of copper coinage in large commercial transactions.[8][9][10] During the Yuan Dynasty, banknotes were adopted by the Mongol Empire. In Europe, the concept of banknotes was first introduced during the 13th century by travelers such as Marco Polo,[11][12] with European banknotes appearing in 1661 in Sweden.
White paper The term white paper originated with the British government, and many point to the Churchill White Paper of 1922 as the earliest well-known example under this name.[4] In British government it is usually the less extensive version of the so-called blue book, both terms being derived from the colour of the document's cover.[2]