在货币的历史远远超过国家，中国是第一个发行纸币的国家最早的，宋朝的纸币叫娇子是四川的16地方企业发行的在宋朝。那么后来政府介入进行背书，这就是最早的政府发行的货币。但是政府背书的确增加了使用范围，可是由于增发不受控制反而很快失去信用，走向没落。
The history of currency is much longer than the history of country, China was the earliest country in to issue banknotes. The Song Dynasty's banknotes called Jiaozi were issued by Sichuan's 16 local enterprises in the Song Dynasty. Then the government intervened to endorse the booknotes, which was the earliest government-issued currency. However, the government endorsement did increase the scope of use, but due to the uncontrolled issueance, it quickly lost its credibility and declined.