paper money

noun
currency in paper form, such as government and bank notes, as distinguished from metal currency.

Origin:
1350–1400; Middle English

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World English Dictionary
paper money
 
n
paper currency issued by the government or the central bank as legal tender and which circulates as a substitute for specie

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Example sentences
To protect themselves, savers are buying gold, getting rid of their paper money.
With its presses running nonstop, the bureau prints billions of dollars in
  paper money and billions of postage stamps annually.
Paper money may lose its value, but gold is always worth something.
Fold different types of paper money in a different way.
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