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Currency Museum

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Currency Museum
Currency Museum
Currency Museum
Currency Museum
Currency Museum
Currency Museum
Currency Museum
Currency Museum
Currency Museum
Currency Museum
Currency Museum
Currency Museum
Currency Museum
Currency Museum
Currency Museum
Address:
25 Akatsuka-cho Higashi-ku, Nagoya 461-0026, Aichi Prefecture

The Yuan dynasty was a Mongol khanate that ruled over China from 1271 to 1368, after the Mongols conquered the Western Xia, Western Liao, and Jin dynasties they allowed for the continuation of locally minted copper currency, as well as allowing for the continued use of previously created and older forms of currency , while they immediately abolished the Jin dynasty’s paper money as it suffered heavily from inflation due to the wars with the Mongols. After the conquest of the Song dynasty was completed the Mongols started issuing their own copper coins largely based on older Jin dynasty models, though eventually the preferred Mongol currency became the Chāo and silver sycees, as coins would eventually fall largely into disuse. Although the Mongols at first preferred to have every banknote backed up by gold and silver, high government expenditures forced the Yuan to create Fiat money in order to sustain government spending.Inscriptions on the obverses of the coins appeared both in Traditional Chinese characters and 'Phags-pa script, and coins appeared in denominations of 2, 3, 5, and even 10 wén, the larger denominations led to a debasement of the currency which caused inflation.
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