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Xue Tian
Northern Song administrator who formally petitioned and established the official Jiaozi Bureau in Chengdu, inaugurating fiat paper currency.
Mural guide
Mural of the event “World's First Paper Currency”, which this person took part in.
In early Song Sichuan, heavy iron cash impeded commercial expansion; local merchants created private paper vouchers ('Jiaozi'), but merchant insolvencies led to financial instability.
Also known as Zi Xiji · Xue Tian of Jiaozi Bureau
- Roles
- Finance Ministers
Xue Tian (c. 970 CE–1034 CE) was an influential Song fiscal administrator. Serving in Sichuan, he co-founded the Yizhou Jiaozi Bureau in 1023, issuing the world's first officially managed government banknotes.
Life and times
Dates 970 CE–1034 CE
EraFive Dynasties and Ten KingdomsSong
- 1023World's First Paper CurrencyTook part