Here’s how the Tang Dynasty’s “flying cash” changed the course of financial history. This video explores the invention of “flying cash” (feiqian) in Tang Dynasty China around the 9th century.. Definition of flying cash in the Definitions.net dictionary. Meaning of flying cash. What does flying cash mean? Information and translations of flying cash in the most comprehensive dictionary definitions resource on the web.
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Introduction Flying cash, known as “feiqian” in Chinese, was a remarkable financial innovation in ancient China. It is historically important because it represented an early form of paper currency and significantly facilitated long – distance trade. Before flying cash, transporting large amounts of copper coins over long distances was extremely cumbersome, risky, and inefficient. By using.. The local merchants called the certificates “flying cash” because unlike metal money, these paper documents had a tendency to blow away when it was windy. Each certificate had a certain amount of money stated on it and was redeemable for metal cash on demand in the Chinese capital.