Hell money is a modernized form of joss paper printed to resemble legal tender bank notes. The notes are not an official form of recognized currency or legal tender as their sole intended purpose is to be offered as burnt offerings to the deceased as a solution to resolve their assumed monetary problems in the afterlife. This ritual has been practiced by modern Chinese and across East Asia since the late 19th century, and some Wicca-based faiths in recent years have adopted this practice. Early 20th century examples bore resemblance to minor commercial currency of the type issued by businesses across China until the mid-1940s.
Hell banknotes in Thailand resembling United States Dollar, and Thai Baht banknotes
Joss paper money being burnt near a grave along with joss yuanbao during the Chinese Ghost Festival.
Joss paper, also known as incense papers, are papercrafts or sheets of paper made into burnt offerings common in Chinese ancestral worship. Worship of deities in Chinese folk religion also uses a similar type of joss paper. Joss paper, as well as other papier-mâché items, are also burned or buried in various Asian funerals, "to ensure that the spirit of the deceased has sufficient means in the afterlife." In Taiwan alone, the annual revenue that temples received from burning joss paper was US$400 million as of 2014.
Traditional joss paper (金紙) sold in stacks at a store
Woman burning joss papers in front of her house in Hanoi after having offered food to her ancestors
Joss paper of the silver variety being folded for burning
Joss paper folded and ready to be burned as an offering