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Lydians introduce the use of gold and silver coins
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China introduces banknotes called Jiaozi
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The Knights Templar introduced a cheque system for pilgrims travelling to the Holy Land or across Europe
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First issued in Europe by Stockholms Banco in 1661 and could be exchanged for gold or silver coins
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After the arrival of the European settlers in 1788, many different forms of currency were used as there was no official currency initiated, so barter was appropriate
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By the 19th century, many governments around the world were issuing paper money which were specified to be a number of dollars, pounds, francs or yen and were recognised as legal tender.
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In 1853, the weights of U.S. silver coins (except, interestingly, the dollar itself, which was rarely used) were reduced.
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The Federal Government was given the responsibility for establishing a recognised currency for Australia; it was first recognised and based on the British System of 12 pence to a shilling and 20 shillings to a pound
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Credit cards were mainly used to sell fuel to 'automobile' owners, but gradually grew until they were used in many more places
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Sir Robert Menzies was a part of the initiation of the Australian Dollar on February 14 1966.
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After the first $10 note was produced, the nation had a mass counterfeiting problem, so they decided to change the notes into a polymer material for security purposes
