1.
Belfast
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Belfast is the capital and largest city of Northern Ireland, the second largest on the island of Ireland, and the heart of the tenth largest Primary Urban Area in the United Kingdom. On the River Lagan, it had a population of 286,000 at the 2011 census and 333,871 after the 2015 council reform, Belfast was granted city status in 1888. Belfast played a key role in the Industrial Revolution, and was an industrial centre until the latter half of the 20th century. It has sustained a major aerospace and missiles industry since the mid 1930s, industrialisation and the inward migration it brought made Belfast Irelands biggest city at the beginning of the 20th century. Today, Belfast remains a centre for industry, as well as the arts, higher education, business, and law, additionally, Belfast city centre has undergone considerable expansion and regeneration in recent years, notably around Victoria Square. Belfast is served by two airports, George Best Belfast City Airport in the city, and Belfast International Airport 15 miles west of the city. Although the county borough of Belfast was created when it was granted city status by Queen Victoria in 1888, the site of Belfast has been occupied since the Bronze Age. The Giants Ring, a 5, 000-year-old henge, is located near the city, Belfast remained a small settlement of little importance during the Middle Ages. The ONeill clan had a presence in the area, in the 14th century, Cloinne Aodha Buidhe, descendants of Aodh Buidhe ONeill built Grey Castle at Castlereagh, now in the east of the city. Conn ONeill of the Clannaboy ONeills owned vast lands in the area and was the last inhabitant of Grey Castle, evidence of this period of Belfasts growth can still be seen in the oldest areas of the city, known as the Entries. Belfast blossomed as a commercial and industrial centre in the 18th and 19th centuries, industries thrived, including linen, rope-making, tobacco, heavy engineering and shipbuilding, and at the end of the 19th century, Belfast briefly overtook Dublin as the largest city in Ireland. The Harland and Wolff shipyards became one of the largest shipbuilders in the world, in 1886 the city suffered intense riots over the issue of home rule, which had divided the city. In 1920–22, Belfast became the capital of the new entity of Northern Ireland as the island of Ireland was partitioned, the accompanying conflict cost up to 500 lives in Belfast, the bloodiest sectarian strife in the city until the Troubles of the late 1960s onwards. Belfast was heavily bombed during World War II, in one raid, in 1941, German bombers killed around one thousand people and left tens of thousands homeless. Apart from London, this was the greatest loss of life in a raid during the Blitz. Belfast has been the capital of Northern Ireland since its establishment in 1921 following the Government of Ireland Act 1920 and it had been the scene of various episodes of sectarian conflict between its Catholic and Protestant populations. These opposing groups in conflict are now often termed republican and loyalist respectively. The most recent example of conflict was known as the Troubles – a civil conflict that raged from around 1969 to 1998
2.
Ireland
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Ireland is an island in the North Atlantic. It is separated from Great Britain to its east by the North Channel, the Irish Sea, Ireland is the second-largest island of the British Isles, the third-largest in Europe, and the twentieth-largest on Earth. Politically, Ireland is divided between the Republic of Ireland, which covers five-sixths of the island, and Northern Ireland, in 2011, the population of Ireland was about 6.4 million, ranking it the second-most populous island in Europe after Great Britain. Just under 4.6 million live in the Republic of Ireland, the islands geography comprises relatively low-lying mountains surrounding a central plain, with several navigable rivers extending inland. The island has lush vegetation, a product of its mild, thick woodlands covered the island until the Middle Ages. As of 2013, the amount of land that is wooded in Ireland is about 11% of the total, there are twenty-six extant mammal species native to Ireland. The Irish climate is moderate and classified as oceanic. As a result, winters are milder than expected for such a northerly area, however, summers are cooler than those in Continental Europe. Rainfall and cloud cover are abundant, the earliest evidence of human presence in Ireland is dated at 10,500 BC. Gaelic Ireland had emerged by the 1st century CE, the island was Christianised from the 5th century onward. Following the Norman invasion in the 12th century, England claimed sovereignty over Ireland, however, English rule did not extend over the whole island until the 16th–17th century Tudor conquest, which led to colonisation by settlers from Britain. In the 1690s, a system of Protestant English rule was designed to materially disadvantage the Catholic majority and Protestant dissenters, with the Acts of Union in 1801, Ireland became a part of the United Kingdom. Northern Ireland saw much civil unrest from the late 1960s until the 1990s and this subsided following a political agreement in 1998. In 1973 the Republic of Ireland joined the European Economic Community while the United Kingdom, Irish culture has had a significant influence on other cultures, especially in the fields of literature. Alongside mainstream Western culture, an indigenous culture exists, as expressed through Gaelic games, Irish music. The culture of the island shares many features with that of Great Britain, including the English language, and sports such as association football, rugby, horse racing. The name Ireland derives from Old Irish Eriu and this in turn derives from Proto-Celtic *Iveriu, which is also the source of Latin Hibernia. Iveriu derives from a root meaning fat, prosperous, during the last glacial period, and up until about 9000 years ago, most of Ireland was covered with ice, most of the time
3.
United Kingdom of Great Britain and Ireland
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The United Kingdom of Great Britain and Ireland was established as a sovereign state on 1 January 1801 by the Acts of Union 1800, which merged the kingdoms of Great Britain and Ireland. The growing desire for an Irish Republic led to the Irish War of Independence, Northern Ireland remained part of the United Kingdom, and the state was consequently renamed the United Kingdom of Great Britain and Northern Ireland. Britain financed the European coalition that defeated France in 1815 in the Napoleonic Wars, the British Empire thereby became the foremost world power for the next century. The Crimean War with Russia and the Boer wars were relatively small operations in a largely peaceful century, rapid industrialisation that began in the decades prior to the states formation continued up until the mid-19th century. A devastating famine, exacerbated by government inaction in the century, led to demographic collapse in much of Ireland. It was an era of economic modernization and growth of industry, trade and finance. Outward migration was heavy to the colonies and to the United States. Britain also built up a large British Empire in Africa and Asia, India, by far the most important possession, saw a short-lived revolt in 1857. In foreign policy Britain favoured free trade, which enabled its financiers and merchants to operate successfully in many otherwise independent countries, as in South America. Britain formed no permanent military alliances until the early 20th century, when it began to cooperate with Japan, France and Russia, and moved closer to the United States. A brief period of limited independence for Ireland came to an end following the Irish Rebellion of 1798, the British governments fear of an independent Ireland siding against them with the French resulted in the decision to unite the two countries. This was brought about by legislation in the parliaments of both kingdoms and came into effect on 1 January 1801, however, King George III was bitterly opposed to any such Emancipation and succeeded in defeating his governments attempts to introduce it. When the Treaty of Amiens ended the war, Britain agreed to return most of the territories it had seized, in May 1803, war was declared again. In 1806, Napoleon issued the series of Berlin Decrees, which brought into effect the Continental System and this policy aimed to eliminate the threat from the British by closing French-controlled territory to foreign trade. Frances population and agricultural capacity far outstripped that of the British Isles, Napoleon expected that cutting Britain off from the European mainland would end its economic hegemony. The Spanish uprising in 1808 at last permitted Britain to gain a foothold on the Continent, after Napoleons surrender and exile to the island of Elba, peace appeared to have returned. The Allies united and the armies of Wellington and Blucher defeated Napoleon once, simultaneous with the Napoleonic Wars, trade disputes, arming hostile Indians and British impressment of American sailors led to the War of 1812 with the United States. The war was little noticed in Britain, which could devote few resources to the conflict until the fall of Napoleon in 1814, American frigates inflicted a series of defeats on the Royal Navy, which was short on manpower due to the conflict in Europe
4.
Dublin
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Dublin is the capital and largest city of Ireland. Dublin is in the province of Leinster on Irelands east coast, the city has an urban area population of 1,345,402. The population of the Greater Dublin Area, as of 2016, was 1,904,806 people, founded as a Viking settlement, the Kingdom of Dublin became Irelands principal city following the Norman invasion. The city expanded rapidly from the 17th century and was briefly the second largest city in the British Empire before the Acts of Union in 1800, following the partition of Ireland in 1922, Dublin became the capital of the Irish Free State, later renamed Ireland. Dublin is administered by a City Council, the city is listed by the Globalization and World Cities Research Network as a global city, with a ranking of Alpha-, which places it amongst the top thirty cities in the world. It is a historical and contemporary centre for education, the arts, administration, economy, the name Dublin comes from the Irish word Dubhlinn, early Classical Irish Dubhlind/Duibhlind, dubh /d̪uβ/, alt. /d̪uw/, alt /d̪u, / meaning black, dark, and lind /lʲiɲ pool and this tidal pool was located where the River Poddle entered the Liffey, on the site of the castle gardens at the rear of Dublin Castle. In Modern Irish the name is Duibhlinn, and Irish rhymes from Dublin County show that in Dublin Leinster Irish it was pronounced Duílinn /d̪ˠi, other localities in Ireland also bear the name Duibhlinn, variously anglicized as Devlin, Divlin and Difflin. Historically, scribes using the Gaelic script wrote bh with a dot over the b and those without knowledge of Irish omitted the dot, spelling the name as Dublin. Variations on the name are found in traditionally Irish-speaking areas of Scotland, such as An Linne Dhubh. It is now thought that the Viking settlement was preceded by a Christian ecclesiastical settlement known as Duibhlinn, beginning in the 9th and 10th century, there were two settlements where the modern city stands. Baile Átha Cliath, meaning town of the ford, is the common name for the city in modern Irish. Áth Cliath is a name referring to a fording point of the River Liffey near Father Mathew Bridge. Baile Átha Cliath was an early Christian monastery, believed to have been in the area of Aungier Street, there are other towns of the same name, such as Àth Cliath in East Ayrshire, Scotland, which is Anglicised as Hurlford. Although the area of Dublin Bay has been inhabited by humans since prehistoric times and he called the settlement Eblana polis. It is now thought that the Viking settlement was preceded by a Christian ecclesiastical settlement known as Duibhlinn, beginning in the 9th and 10th century, there were two settlements where the modern city stands. The subsequent Scandinavian settlement centred on the River Poddle, a tributary of the Liffey in an area now known as Wood Quay, the Dubhlinn was a small lake used to moor ships, the Poddle connected the lake with the Liffey. This lake was covered during the early 18th century as the city grew, the Dubhlinn lay where the Castle Garden is now located, opposite the Chester Beatty Library in Dublin Castle
5.
Northern Ireland
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Northern Ireland is a constituent unit of the United Kingdom in the north-east of Ireland. It is variously described as a country, province, region, or part of the United Kingdom, Northern Ireland shares a border to the south and west with the Republic of Ireland. In 2011, its population was 1,810,863, constituting about 30% of the total population. Northern Ireland was created in 1921, when Ireland was partitioned between Northern Ireland and Southern Ireland by an act of the British parliament, Northern Ireland has historically been the most industrialised region of Ireland. After declining as a result of the political and social turmoil of the Troubles, its economy has grown significantly since the late 1990s. Unemployment in Northern Ireland peaked at 17. 2% in 1986, dropping to 6. 1% for June–August 2014,58. 2% of those unemployed had been unemployed for over a year. Prominent artists and sports persons from Northern Ireland include Van Morrison, Rory McIlroy, Joey Dunlop, Wayne McCullough, some people from Northern Ireland prefer to identify as Irish while others prefer to identify as British. Cultural links between Northern Ireland, the rest of Ireland, and the rest of the UK are complex, in many sports, the island of Ireland fields a single team, a notable exception being association football. Northern Ireland competes separately at the Commonwealth Games, and people from Northern Ireland may compete for either Great Britain or Ireland at the Olympic Games. The region that is now Northern Ireland was the bedrock of the Irish war of resistance against English programmes of colonialism in the late 16th century, the English-controlled Kingdom of Ireland had been declared by the English king Henry VIII in 1542, but Irish resistance made English control fragmentary. Victories by English forces in war and further Protestant victories in the Williamite War in Ireland toward the close of the 17th century solidified Anglican rule in Ireland. In Northern Ireland, the victories of the Siege of Derry and their intention was to materially disadvantage the Catholic community and, to a lesser extent, the Presbyterian community. In the context of open institutional discrimination, the 18th century saw secret, militant societies develop in communities in the region and act on sectarian tensions in violent attacks. Following this, in an attempt to quell sectarianism and force the removal of discriminatory laws, the new state, formed in 1801, the United Kingdom of Great Britain and Ireland, was governed from a single government and parliament based in London. Between 1717 and 1775 some 250,000 people from Ulster emigrated to the British North American colonies and it is estimated that there are more than 27 million Scotch-Irish Americans now living in the US. By the close of the century, autonomy for Ireland within the United Kingdom, in 1912, after decades of obstruction from the House of Lords, Home Rule became a near-certainty. A clash between the House of Commons and House of Lords over a controversial budget produced the Parliament Act 1911, which enabled the veto of the Lords to be overturned. The House of Lords veto had been the unionists main guarantee that Home Rule would not be enacted, in 1914, they smuggled thousands of rifles and rounds of ammunition from Imperial Germany for use by the Ulster Volunteers, a paramilitary organisation opposed to the implementation of Home Rule
6.
Republic of Ireland
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Ireland, also known as the Republic of Ireland, is a sovereign state in north-western Europe occupying about five-sixths of the island of Ireland. The capital and largest city is Dublin, which is located on the part of the island. The state shares its land border with Northern Ireland, a part of the United Kingdom. It is otherwise surrounded by the Atlantic Ocean, with the Celtic Sea to the south, Saint Georges Channel to the south-east, and it is a unitary, parliamentary republic. The head of government is the Taoiseach, who is elected by the Dáil and appointed by the President, the state was created as the Irish Free State in 1922 as a result of the Anglo-Irish Treaty. It was officially declared a republic in 1949, following the Republic of Ireland Act 1948, Ireland became a member of the United Nations in December 1955. It joined the European Economic Community, the predecessor of the European Union, after joining the EEC, Ireland enacted a series of liberal economic policies that resulted in rapid economic growth. The country achieved considerable prosperity between the years of 1995 and 2007, which known as the Celtic Tiger period. This was halted by a financial crisis that began in 2008. However, as the Irish economy was the fastest growing in the EU in 2015, Ireland is again quickly ascending league tables comparing wealth and prosperity internationally. For example, in 2015, Ireland was ranked as the joint sixth most developed country in the world by the United Nations Human Development Index and it also performs well in several national performance metrics, including freedom of the press, economic freedom and civil liberties. Ireland is a member of the European Union and is a member of the Council of Europe. The 1922 state, comprising 26 of the 32 counties of Ireland, was styled, the Constitution of Ireland, adopted in 1937, provides that the name of the State is Éire, or, in the English language, Ireland. Section 2 of the Republic of Ireland Act 1948 states, It is hereby declared that the description of the State shall be the Republic of Ireland. The 1948 Act does not name the state as Republic of Ireland, because to have done so would have put it in conflict with the Constitution. The government of the United Kingdom used the name Eire, and, from 1949, Republic of Ireland, for the state, as well as Ireland, Éire or the Republic of Ireland, the state is also referred to as the Republic, Southern Ireland or the South. In an Irish republican context it is referred to as the Free State or the 26 Counties. From the Act of Union on 1 January 1801, until 6 December 1922, during the Great Famine, from 1845 to 1849, the islands population of over 8 million fell by 30%
7.
Westminster Bank
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Considered one of the Big Five, it expanded during the nineteenth and twentieth centuries and took over a number of smaller banking companies. In 1834, the London and Westminster Bank was the first firm founded under the auspices of the Bank Charter Act 1833, as a result, the bank opened only six London branches in its first three years and no additional offices were established until nearly 20 years later. London and Westminster made its first acquisition in 1847, when it bought Young & Son, in about 1870 it acquired Unity Joint-Stock Bank, and mergers with Commercial Bank of London and Middlesex Bank had been arranged in 1861 and 1863 respectively. By 1909 London and Westminster had opened or acquired 37 branches in, yet, despite this expansion effort, the bank felt the effects of competition from provincial banks like Lloyds and Midland. These two banks had already established large regional branch networks and were encroaching upon the London market. The Surrey, Kent and Sussex Banking Company had been established at Southwark in 1836 and soon had branches in places like Croydon, Brighton, Maidstone and it was renamed the London and County Banking Co. in 1839. By 1875 it had over 150 branches and was the largest British bank, the resulting entity was named the London County and Westminster Bank. The bank itself also directly established offices in Madrid, Barcelona, Antwerp, Brussels, Bilbao, all the Spanish branches were closed in 1923–4 due to deteriorating economic conditions in Spain and discrimination against foreign banks. Control of the branches was exercised from London, although between 1940 and 1944 contact with them was lost due to the German occupation. Birkbeck Building and Freehold Land Society, formed in 1851, developed a large deposit-taking business that developed into banking activity, cheque books were issued from 1858 and by 1872 the business was trading under the title of Birkbeck Bank. In 1910, when its balance sheet totalled £12.26 million and it had 112,817 accounts, continuing rumours about its financial position and a climate of depreciation in gilt-edged securities, led to a suspension of payments. In 1911 its goodwill and premises were purchased from the receiver by London County, in 1917, bank officials decided to acquire the Ulster Bank, with 170 branches throughout Ireland, and in 1918 bought Parrs Bank, with over 320 offices throughout England. These purchases made London County Westminster and Parrs the fifth-largest bank in England, the Parrs name survives in the Bloomsbury, Parrs Branch of National Westminster Bank at 214 High Holborn, London, WC1. It did mean that the bank escaped the bad debts and currency fluctuations that plagued many other banks between the wars, allowing the domestic side of the business to grow steadily. The bank continued to expand through acquisition, namely, Paid-up capital rose from £9 million in 1923 to £40.5 million in 1935. By 1939 there were 1,100 branches and at the time of the merger with National Provincial Bank in 1968, the present National Westminster Bank continues to use the portcullis in its common seal. The merger of Westminster and National Provincial Bank, announced in early 1968, shocked the British public, the District Bank, National Provincial, and Westminster Bank were fully integrated in the new firms structure, while Coutts & Co. Ulster Bank and the Isle of Man Bank continued as separate operations, duncan Stirling, chairman of Westminster Bank, became first chairman of the fifth largest bank in the world
8.
NatWest
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National Westminster Bank, commonly known as NatWest, is a large retail and commercial bank in the United Kingdom. It was established in 1968 by the merger of National Provincial Bank, since 2000 it has been part of the Royal Bank of Scotland Group. Today it has more than 7.5 million personal customers and 850,000 small business accounts, in Ireland it operates through its Ulster Bank subsidiary. NatWest was named a runner-up for the Best Business Banking Provider category at the British Bank Awards 2016, the banks origins date back to 1658 with the foundation of Smiths Bank of Nottingham. Westminster Foreign Bank was restyled International Westminster Bank in 1973, duncan Stirling, outgoing chairman of Westminster Bank, became first chairman of the fifth largest bank in the world. In 1969 David Robarts, former chairman of National Provincial, assumed Stirlings position, in 1975 it was one of the first London banks to open a representative office in Scotland. It was a member of the Joint Credit Card Company which launched the Access credit card in 1972. The same banks, excluding Lloyds, were responsible for the introduction of the Switch debit card in 1988. Deregulation in the 1980s, culminating in the Big Bang in 1986, County Bank, its merchant banking subsidiary formed in 1965, acquired various stockbroking and jobbing firms to create the investment banking arm County NatWest. The Action Bank advertising campaign spearheaded a new marketing-led approach to business development, in 1982, the Frankfurt office of International Westminster Bank merged with Global Bank AG to form Deutsche Westminster Bank. In 1985, Banco NatWest España was formed and National Westminster Bank SA was incorporated in 1988, taking over the six branches in France. In 1989, International Westminster Bank was merged into National Westminster Bank by Act of Parliament, completed in 1980, the bank built the National Westminster Tower in London to serve as its international headquarters. Also worthy of note is National Westminster House in Birmingham, the building was sold to British Land in 2007, the banks expansion strategy hit trouble with the stock market crash of 1987 and involvement in the financial scandal surrounding the collapse of Blue Arrow. The Department of Trade and Industry report on the affair was critical of the management and resulted in the resignation of several members of the board. Later, the bank would divest its overseas subsidiaries, the North American operations were sold to Fleet Bank and Hong Kong Bank of Canada, and the Australian and New Zealand branches were sold to Salomon Smith Barney and the National Australia Bank. Thereafter the bank concentrated on its domestic business as the restyled NatWest Group. In 1993, the NatWest Tower was devastated by a Provisional IRA bomb, then, in 1997, NatWest Markets, the corporate and investment banking arm formed in 1992, revealed that a £50m loss had been discovered, revised to £90. 5m after further investigations. The banks move into complicated derivative products that it did not fully understand seemed to indicate poor management, by the end of 1997 parts of NatWest Markets had been sold, others becoming Greenwich NatWest in 1998
9.
London
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London /ˈlʌndən/ is the capital and most populous city of England and the United Kingdom. Standing on the River Thames in the south east of the island of Great Britain and it was founded by the Romans, who named it Londinium. Londons ancient core, the City of London, largely retains its 1. 12-square-mile medieval boundaries. London is a global city in the arts, commerce, education, entertainment, fashion, finance, healthcare, media, professional services, research and development, tourism. It is crowned as the worlds largest financial centre and has the fifth- or sixth-largest metropolitan area GDP in the world, London is a world cultural capital. It is the worlds most-visited city as measured by international arrivals and has the worlds largest city airport system measured by passenger traffic, London is the worlds leading investment destination, hosting more international retailers and ultra high-net-worth individuals than any other city. Londons universities form the largest concentration of education institutes in Europe. In 2012, London became the first city to have hosted the modern Summer Olympic Games three times, London has a diverse range of people and cultures, and more than 300 languages are spoken in the region. Its estimated mid-2015 municipal population was 8,673,713, the largest of any city in the European Union, Londons urban area is the second most populous in the EU, after Paris, with 9,787,426 inhabitants at the 2011 census. The citys metropolitan area is the most populous in the EU with 13,879,757 inhabitants, the city-region therefore has a similar land area and population to that of the New York metropolitan area. London was the worlds most populous city from around 1831 to 1925, Other famous landmarks include Buckingham Palace, the London Eye, Piccadilly Circus, St Pauls Cathedral, Tower Bridge, Trafalgar Square, and The Shard. The London Underground is the oldest underground railway network in the world, the etymology of London is uncertain. It is an ancient name, found in sources from the 2nd century and it is recorded c.121 as Londinium, which points to Romano-British origin, and hand-written Roman tablets recovered in the city originating from AD 65/70-80 include the word Londinio. The earliest attempted explanation, now disregarded, is attributed to Geoffrey of Monmouth in Historia Regum Britanniae and this had it that the name originated from a supposed King Lud, who had allegedly taken over the city and named it Kaerlud. From 1898, it was accepted that the name was of Celtic origin and meant place belonging to a man called *Londinos. The ultimate difficulty lies in reconciling the Latin form Londinium with the modern Welsh Llundain, which should demand a form *lōndinion, from earlier *loundiniom. The possibility cannot be ruled out that the Welsh name was borrowed back in from English at a later date, and thus cannot be used as a basis from which to reconstruct the original name. Until 1889, the name London officially applied only to the City of London, two recent discoveries indicate probable very early settlements near the Thames in the London area
10.
Banknote
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A banknote is a type of negotiable instrument known as a promissory note, made by a bank, payable to the bearer on demand. Banknotes were originally issued by banks, who were legally required to redeem the notes for legal tender when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the served by the issuing bank. Commercial banknotes have primarily been replaced by national banknotes issued by central banks, national banknotes are generally legal tender, meaning that medium of payment is allowed by law or recognized by a legal system to be valid for meeting a financial obligation. Historically, banks sought to ensure that they could always pay customers in coins when they presented banknotes for payment and this practice of backing notes with something of substance is the basis for the history of central banks backing their currencies in gold or silver. Today, most national currencies have no backing in precious metals or commodities and have value only by fiat, with the exception of non-circulating high-value or precious metal issues, coins are used for lower valued monetary units, while banknotes are used for higher values. The idea of using a durable light-weight substance as evidence of a promise to pay a bearer on demand originated in China during the Han Dynasty in 118 BC, the first known banknote was first developed in China during the Tang and Song dynasties, starting in the 7th century. Its roots were in merchant receipts of deposit during the Tang Dynasty, as merchants, during the Yuan Dynasty, banknotes were adopted by the Mongol Empire. In Europe, the concept of banknotes was first introduced during the 13th century by such as Marco Polo. Counterfeiting, the forgery of banknotes, is an inherent challenge in issuing currency and it is countered by anticounterfeiting measures in the printing of banknotes. Fighting the counterfeiting of banknotes and cheques has been a driver of security printing methods development in recent centuries. Paper currency first developed in the Tang Dynasty China during the 7th century, although true paper money did not appear until the 11th century, the usage of paper currency later spread throughout the Mongol Empire. European explorers like Marco Polo introduced the concept in Europe during the 13th century, napoleon issued paper banknotes in the early 1800s. Paper money originated in two forms, drafts, which are receipts for value held on account, and bills, the perception of banknotes as money has evolved over time. Originally, money was based on precious metals, Banknotes were seen as essentially an I. O. U. or promissory note, a promise to pay someone in precious metal on presentation. With the gradual removal of precious metals from the system, banknotes evolved to represent credit money. Notes or bills were referred to in 18th century novels and were often a key part of the plot such as a note drawn by Lord X for £100 which becomes due in 3 months time. Its roots were in merchant receipts of deposit during the Tang Dynasty, as merchants, before the use of paper, the Chinese used coins that were circular, with a rectangular hole in the middle
