Publication of the First Bill of Exchange

Isocrates wrote the Discourse on Banking, a Bill of exchange circa 390 BCE in Athens, Greece. The orator and rhetoric teacher described the practice of placing a sum with a banker and receiving a letter in order to secure funds from other bankers in distant cities.

Date:
      390 BCE
Name(s):
      Isocrates
Occupation:
      Orator
Location:
      Athens, Greece


Additional Information:

  • Bill of exchange | banking | Britannica
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  • The Origin of the Bill of Exchange – Chicago Journals [PDF]
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  • Negotiable instrument – Wikipedia
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  • The Medieval Bill of Exchange – Toronto Economics
    A Simple Definition: The bill of exchange or lettre de change (later known as the ‘acceptance bill’ and the draft) was simply an informal letter by which one …
  • Bill of Exchange | History of SC Slide Collection | Knowitall.org
    One form of this paper money substitute was “bills of exchange,” in which merchants who accepted goods for shipment to England gave in exchange a paper …

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