[Answer] Which European country used printed banknotes first?

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Which European country used printed banknotes first?

• Sweden:Sweden was the first European country to issue true banknotes. These banknotes were met with much debate and skepticism, with some merchants voicing concerns that paper money would surely herald the downfall of the monetary system across the country. To assure the public of the money's stability, the banknotes were issued with as many as 16 certifications and endorsements from prominent, trustworthy officials. In fact, each banknote was signed by hand! They were issued with the government's guarantee, and were a surprising success. The use of paper money made the need to carry large, heavy, easily-stolen quantities of silver or gold unnecessary. It didn't take long for other European governments, under pressure from their own merchants who observed the safety, convenience, and the boost to commerce the paper money brought, to begin issuing their own paper money. Source: TheIBNS.org

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