The
invention of banking preceded that of coinage. Banking
( is a pool of trading and exchange instruments, bank notes,
bank documents, coins etc.) originated in the Ancient
Mesopotamia, where the royal palaces and temples provided the secure
places for safe-keeping of grain and other commodities. Receipts
came to be used as transaction instrument for transfers, not only
to the original depositors, but also to the third parties.
Eventually
private houses in Mesopotamia got involved these banking operations,
and laws regulating them were stipulated in the code of Hammurabi.
This is the history of the birth of Banking today.