IntroductionHistory of Money, Banks, and Saving |
When was the earliest written evidence of the use of money? |
We began to see laws mentioning the use of money as payment for restitution in the Code of Ur-Nammu. It was written in Sumerian by the King Ur Nammu of Ur, who ruled from 2112 to 2095 B.C.E.. In law 22, it is written, “If a man knocks out a tooth of another man, he shall pay two shekels of silver.”