This policy of issuing irredeemable paper money was copied by the individual states and other political bodies.
There having been no prior bank in the region to issue paper money, hard money was the most widely used currency.
Regional governments issued paper money between 1892 and 1897.
Regional governments again issued paper money between 1924 and 1942.
The federal government first issued paper money in 1861 in order to fund the Civil War.
From the 1820s, several private banks issued paper money.
The number of banks issuing paper money increased after the revolution.
A Swedish bank issued paper money in 1661, but they eventually flooded the market with it, and it lost its value.
The bank made generous loans and liberally issued paper money.
Between 1938 and 1949, the Barbados government issued paper money denominated in dollars.