that a banknote of 200 wén couldn't buy a single straw sandal anymore near the end of the dynasty. The value of the Huizi had lowered so much that a guàn was only accepted at between 300 and 400 cash coins, which caused people to start hoarding these coins and remove them from circulation which had a devastating effect on the economy. As the Mongols continued marching south the Chinese military required more money causing the government to print an excessive amount of Huizi banknotes. Denominations The first Huizi note had a nominal value of 1 guàn, but subsequently banknotes of 200 wén, 300 wén, and 500 wén were introduced in 1163. Regional variants Other than the Huizi issued by the central government regional varieties existed such as get Hubei Huizi (湖北會子) which was produced in a volume of 7,000,000 mín but only came in the denominations 500 mín and 1000 mín, the Iron-cash Huizi (鐵錢會子) came in denominations of 100 wén, 200 wén, and 300 wén and circulated only in Jinyang, the Silver Huizi (銀會子) of Sichuan was introduced in 1137 and was denominated in 1 qián and 1.5 qián. Other variants include the Zhibian Huizi (直便會子) and the Huguang Huizi (湖廣會子). See also Economy of the Song dynasty Economy of China Economic history of China (Pre-1911) Economic history of China (1912–1949) Southern Song dynasty coinage References Sources Huang Da (黃達), Liu Hongru (劉鴻儒), Zhang Xiao (張肖), ed. (1990). Zhongguo jinrong baike quanshu (中國金融百科全書) (Beijing: Jingji guanli chubanshe), Vol. 1, 89. (in Mandarin Chinese) Li Ting (李埏) (1992). "Huizi (會子)", in Zhongguo da baike quanshu (中國大百科全書), Zhongguo lishi (中國歷史) (Beijing/Shanghai: Zhongguo da baike quanshu chubanshe), Vol. 1, 416. (in Mandarin Chinese) Zhou Fazeng (周發增), Chen Longtao (陳隆濤), Qi Jixiang (齊吉祥), ed. (1998). Zhongguo gudai zhengzhi zhidu shi cidian (中國古代政治制度史辭典) (Beijing: Shoudu shifan daxue chubanshe), 367. (in Mandarin Chinese) External links Information, Money and Value Currencies of China Currencies of Asia Medieval currencies Banknotes of China Song dynasty