

News Press Service
By José García
President of the Royal United Nations Academy IRAUN CICRAUN EBC-IRAUN Central and South America Diplomatic Agent Human Rights and Peace Agent
Since the dawn of humanity, money has been a fundamental pillar in human transactions. What began as a simple exchange of goods and services has evolved over the centuries, adapting to the changing needs of societies and technologies. Today, in the digital age, money is facing its most radical transformation.
Barter: The Beginnings of Trade
In early civilizations, barter was the primary method of exchange. Individuals traded goods and services directly, such as grain for tools or cloth for food. However, this system had limitations: finding someone with equivalent goods and complementary needs could be complicated.
The Emergence of Commodity Money
Over time, objects of intrinsic value such as salt, shells, or precious metals were adopted, which facilitated trade by acting as units of exchange. These goods were easy to transport and preserve, and they began to function as an early form of money.

Cash
Around 600 BC, the first coins made of metals such as gold, silver, and copper appeared in Lydia (modern-day Turkey). These coins, backed by the value of the metal and the seal of an authority, became a standardized and reliable tool for trading.
The Birth of Paper Money
During the Tang Dynasty in China, in the seventh century, paper money was introduced, marking a revolution in the economy. At first, merchants used receipts that represented deposits of goods in warehouses, but eventually these receipts evolved into government-issued notes.
The Banking Age and Fiat Money
Over time, banks began issuing their own paper money backed by gold reserves. However, in the 20th century, many countries abandoned the gold standard, adopting fiat money, whose value lies in the trust of the public and the support of the government (although this is on paper because governments do not make the decisions) in short, money is worth nothing and hence to bank manipulation.
The Digitization of Money
In recent decades, money has taken a leap towards digitization. Credit and debit cards, wire transfers, and payment systems like PayPal and we see how they have transformed how we interact with money. More recently, cryptocurrencies such as Bitcoin and Water, Ethereum, usdt have introduced a completely new concept: decentralized money based on blockchain technology (much more secure than the By José García President of the Royal Academy of the United Nations IRAUN CICRAUN EBC-IRAUN of Central and South America Diplomatic Agent Human Rights and Peace Agent Since the dawn of humanity, Money has been a fundamental pillar in human transactions.
What began as a simple exchange of goods and services has evolved over the centuries, adapting to the changing needs of societies and technologies. Today, in the digital age, money is facing its most radical transformation. Barter: The Beginnings of Trade In early civilizations, barter was the primary method of exchange. Individuals traded goods and services directly, such as grain for tools or cloth for food. However, this system had limitations: finding someone with equivalent goods and complementary needs could be complicated. The Emergence of Commodity Money Over time, objects of intrinsic value were adopted… fiat money).
The Future of Money: Challenges and Opportunities
Digitalization also poses significant challenges. Central banks are exploring the creation of sovereign digital currencies (CBDCs) to maintain monetary control and adapt to technological changes. At the same time, cybersecurity, financial inclusion, and privacy emerge as key issues in this new ecosystem.
Money has come a long way from its humble beginnings as a simple barter tool. Today, it stands on the verge of a transformation that could redefine not only how we exchange goods and services, but also the very nature of the global economy.