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But people used cloth money(布貨) or silver money mainly on the civil trade and it had been continued to middle age of Yi Chosun Dynasty.
It has become a tendency among our people to plow egotism and self-respect at the core of our outlook on life.
Therefore, Choson government discussed making coin at the time of Japanese
Invasion (1592), and purchased complete product from Japan according to urgent financial needs after
the Manchu war (1636). We cannot know exact scale of imported coin from Japan because it was
not recorded exactly, but if we reckon a minimum value of it, it would be 5,000 sok of rice.
After the middle age of Southern Song Dynasty, Song coin was flowed into Koryo and Japan. The dual monetary system began to recover from the inflow of silver
after the opening of the port. The Song dynasty grasped the influence of the
Song’s coin’s outflow quite early on, enforced several monetary policies and punished the
crimes severely. Then the southern Song dynasty
enacted and enforced the several policies to prevent the coin’s outflow.
The southern Song dynasty had used the metallic currency and bank note such as Jiaozi and Huizi(會子) together.
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