Cloth
From the Far East to Europe and Africa, cloth has surfaced as
a medium of exchange and a unit of measurement. During the second millennium,
silk cloth passed as money in China, circulating in pieces of a uniform size.
The Chinese word pu began as a word referring to “cloth,” but came to
denote “money,” reflecting the importance of silk cloth as money. Silk money
survived the advent of metallic coinage in China. In 460 b.c. the government formed three separate boards for
management of currency, one for gems, one for gold, and one for coins and
silk.
Northern Europe furnishes numerous instances of cloth money during the
medieval era. The Baltic Slavs used linen as a means of payment in commercial
transactions, and small strips of thin textiles circulated as coin. In the
language of the Northern Slavs the word platni meant “linen,” and the
word for “to pay” was platiti. Up to the fourteenth century Sweden made
use of a hand-woven woolen cloth currency called wadmal. Creditors had to
accept wadmal in the payment of money debts, and coined money and wadmal were
linked in a fixed exchange ratio. Medieval Iceland also called its hand-woven
woolen cloth money wadmal. Iceland’s wadmal met the need for a general standard
of value, circulated as money, and even in modern times parts of Iceland valued
land in units of wadmal. Certain districts of medieval Norway accepted cloth as
legal-tender currency, and a district of medieval Germany had a cloth standard
that set a certain length of cloth to Reilmark, or Gewandmark,
predecessors of the modern-day German mark. In pre-Christian Prussia pieces of
cloth adorned with bronze rings passed as money.
Cloth also enjoyed wide acceptance as money, lasting in some cases into the
early twentieth century in several areas of Africa. In Zambia calico found favor
as currency and was used in wages and marriage dowries. On the west coast of
Africa a unit of money called a long served as a unit of account.
Originally, a long referred to a length of cloth, but later evolved into an
abstract unit of account used only for setting and quoting the prices. White
shirts of the sort commonly worn for everyday dress circulated as money in parts
of equatorial Africa. In the Congo barter transactions were conducted on the
basis of prices set in pieces of cloth. A piece was 12 yards of standard quality
cloth. In districts of the Sudan the unit of account for pricing moderately
priced goods was bundles of 20 cotton threads.
Certain tribes in the Philippines used European cloth as a monetary standard.
A monetary unit of cloth was a piece of cloth as long as the spread of a man’s
arms. The natives priced jars, glassware, gongs, and perishable items in terms
of cloth, and fines were paid in cloth. An adulterer paid a fine of 215 meters
of cloth. In Borneo standard rolls of cloth were a sort of legal tender of
money.
In the nineteenth century cloth passed as money on Button Island of the
Indonesian archipelago. The cloth money was called kampuna, meaning the
“head cloth of a king,” and it was woven on official looms, which validated its
use as currency. Ordinary cloth bore no special value as currency and was traded
only for its utility.
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