A £20 Ulster Bank banknote.Jiaozi (Song Dynasty), the world's earliest paper moneyThe first polymer banknote, the 1988 Australian $10 note
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Paper Money: World

A banknote (more commonly known as a bill in the United States and Canada) is a kind of currency, and under many jurisdictions is used as legal tender. With coins, banknotes make up the cash forms of all modern money. more...

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With the exception of non-circulating high-value or precious metal commemorative issues, coins are generally used for lower valued monetary units, while banknotes are utilised for higher values.

Originally, the value of money was determined by the intrinsic value of the material the money was made of, such as silver or gold. However, carrying around a lot of precious metal was cumbersome and often dangerous. As an alternative, banknotes would be issued. In financial terms, a note is a promise to pay someone money. Banknotes were originally a promise to pay the bearer an amount of precious metal stored in a vault somewhere. In this way the stored value (usually in gold or silver coins) backing the banknote could transfer ownership in exchange for goods or services.

The ability to exchange a note for some other kind of value is called "convertibility". For example a US silver certificate from the early 20th century was "payable in silver on demand" from the Treasury. If a note is payable in demand for a fixed unit, it is said to be fully convertible to that unit. Limited convertibility occurs when there are restrictions in the time, place, manner or amount of exchange.

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Wholesale:100 pcs of 2007 Hong Kong $10 Polymer,UncWholesale:100 pcs of 2007 Hong Kong $10 Polymer,Unc $230.00 1961 Australia One Pound Banknote Coombs/Wilson1961 Australia One Pound Banknote Coombs/Wilson $12.50
Austria-Hungary Note 1000 Kronen 1902 Overprint Unc#968Austria-Hungary Note 1000 Kronen 1902 Overprint Unc#968 $3.95 France-Frakreich-100 Francs 1952 Banknote PapermoneyFrance-Frakreich-100 Francs 1952 Banknote Papermoney $0.99
Czechoslovaquia-20 Korun 1970 Banknote PapermoneyCzechoslovaquia-20 Korun 1970 Banknote Papermoney $0.99 1917 Russia-1,000 Rubles Credit Notes And Duma #9691917 Russia-1,000 Rubles Credit Notes And Duma #969 $4.95
A/1 1968 Seychelles "Five Rupees" Gem UncA/1 1968 Seychelles "Five Rupees" Gem Unc $0.99 Kyrgyzstan 7 banknotes set 1-200 Som,UncKyrgyzstan 7 banknotes set 1-200 Som,Unc $28.50
Old German Paper MoneyOld German Paper Money $1.99  58 coins of israel Different Not clean 58 coins of israel Different Not clean $3.99
10 Pcs Yugoslavia 500 Billion D,P#137 ,Xf-Au10 Pcs Yugoslavia 500 Billion D,P#137 ,Xf-Au $45.00 10 sets x China 50 pcs Different Rice Coupon10 sets x China 50 pcs Different Rice Coupon $55.00
portugal india 70 rupias 1945 vf portugal india 70 rupias 1945 vf $0.99 China 4th Edition Rmb 1990 50 Yuan Zj Replacement NoteChina 4th Edition Rmb 1990 50 Yuan Zj Replacement Note $30.00
Portugal-Macau-5 Patacas 1968 Banknote PapermoneyPortugal-Macau-5 Patacas 1968 Banknote Papermoney $0.99 1955 South Vietnam Pagoda 500Dong *Ef*1955 South Vietnam Pagoda 500Dong *Ef* $0.99
p6Aa 1962 South Vietnam 500Dong *Ef*p6Aa 1962 South Vietnam 500Dong *Ef* $0.99 Greece 50 Drachmai 1-10-1964 Specimen Note P-195s RareGreece 50 Drachmai 1-10-1964 Specimen Note P-195s Rare $300.00
Japan-Japanese Government100 Rupees Banknote PapermoneyJapan-Japanese Government100 Rupees Banknote Papermoney $0.99 1938 "Burma" India Kgvi 10Rupee *aUnc*1938 "Burma" India Kgvi 10Rupee *aUnc* $0.99
100 diff.world-50 coins & 50 currency nice circ.-Unc.100 diff.world-50 coins & 50 currency nice circ.-Unc. $21.49 Wholesale:100 Pcs of Nigeria 20 N Polymer,UncWholesale:100 Pcs of Nigeria 20 N Polymer,Unc $90.00
1949 Malta "10shillings" Rare1949 Malta "10shillings" Rare $0.99 Vietnam-100 Dong Banknote PapermoneyVietnam-100 Dong Banknote Papermoney $0.99
bundle Yugoslavia 100 X 100 Dinara 1941 P-R13b Italybundle Yugoslavia 100 X 100 Dinara 1941 P-R13b Italy $9.99 Germany 5 Mark 1904 beautifulGermany 5 Mark 1904 beautiful $14.00
1928 India "Bombay" Kgv 100 Rupee Choice *Au*1928 India "Bombay" Kgv 100 Rupee Choice *Au* $9,850.00 Netherlands 100 Gulden Erotic Note Limited Edition UncNetherlands 100 Gulden Erotic Note Limited Edition Unc $9.99
China-Japan-1 Yen Old Banknote PapermoneyChina-Japan-1 Yen Old Banknote Papermoney $0.99 1942 Cyprus Kgvi One Shilling *gEf*1942 Cyprus Kgvi One Shilling *gEf* $0.99
Austria 500 Schilling 1-7-1965 Specimen P-139s Unc !Austria 500 Schilling 1-7-1965 Specimen P-139s Unc ! $350.00 Malaysia 5Th Series Rm$100 1982-84 Za5377601 (Unc)Malaysia 5Th Series Rm$100 1982-84 Za5377601 (Unc) $100.00
Wholesale:100 Pcs of Yugoslavia 100 Dinara,P105,UncWholesale:100 Pcs of Yugoslavia 100 Dinara,P105,Unc $130.00 1951 Govt.of Ceylon Kgvi 1 Rupee *Au*1951 Govt.of Ceylon Kgvi 1 Rupee *Au* $0.99
1947 Cyprus Kgvi Ten Shilling *Rare*1947 Cyprus Kgvi Ten Shilling *Rare* $0.99 portugal india 100 rupias 1945 vf / xfportugal india 100 rupias 1945 vf / xf $0.99
Israel Banknote 10 Lirot (pounds) 1955 C.U.Israel Banknote 10 Lirot (pounds) 1955 C.U. $288.88 Greece 100 Drachmai 1967 Replacement P-196r super rare!Greece 100 Drachmai 1967 Replacement P-196r super rare! $200.00
portugal india 1000 escudos 1959 vf / xfportugal india 1000 escudos 1959 vf / xf $0.99 Cayman Islands 100 Dollars 1998 Specimen P-25s Unc !Cayman Islands 100 Dollars 1998 Specimen P-25s Unc ! $200.00
Portugal-20 Escudos 1978 Banknote PapermoneyPortugal-20 Escudos 1978 Banknote Papermoney $0.99 bundle Yugoslavia 100 X 100 Dinara 1929 p-27bbundle Yugoslavia 100 X 100 Dinara 1929 p-27b $9.99
portugal india 300 escudos 1959 vf portugal india 300 escudos 1959 vf $0.99
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See also...
Africa, Paper Money: World
Asia, Middle East, Paper Money: World
Australia, Oceania, Paper Money: World
Collections, Lots, Paper Money: World
Europe, Paper Money: World
North, Central America, Paper Money: World
Other, Paper Money: World
South America, Paper Money: World

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