Euros

Euro Bills

£300.00£1,000.00

Australian Dollar

Australian Bills

£300.00£1,000.00

Canadian Dollar

Canadian Bills

£300.00£1,000.00

USA Doller

US Bills

£300.00£1,000.00

UK Pounds

UK Pounds Bills

£300.00£1,000.00

Permanent issue of banknotes

The modern banknote rests on the assumption that money is determined by a social and legal consensus. A gold coin’s value is simply a reflection of the supply and demand mechanism of a society exchanging goods in a free market, as opposed to stemming from any intrinsic property of the metal. By the late 17th century, this new conceptual outlook helped to stimulate the issue of banknotes. The economist wrote that money “was an imaginary value made by a law for the convenience of exchange”.

The Scottish economist John Law helped establish banknotes as a formal currency in France, after the wars waged by Louis XIV left the country with a shortage of precious metals for coinage.

In the United States there were early attempts at establishing a central bank in 1791 and 1816, but it was only in 1862 that the federal government of the United States began to print banknotes.