That's not how a quick read of the wikipedia page on the history of bank notes reads. It reads like bank notes were the result of the shortcomings of coins, i.e

That's not how a quick read of the wikipedia page on the history of bank notes reads. It reads like bank notes were the result of the shortcomings of coins, i.e. that you had to have actual precious metal to mint them. And the first bank notes as currency were used within the national governments' jurisdictions and juristically established as currency. [0] [0] https://en.wikipedia.org/wiki/Banknote#History https://en.wikipedia.org/wiki/Banknote#History