"Loans to states were... exceptional until the third or second century B.C. ...The famous loans to the city of Athens during the fifth century B.C. were a religious fiction: the money was the war reserve of the people of Athens. Interest on these loans was nominal and was rarely paid. but an effort was made to return the principal to the Temple, that is to say, to restore the war reserve."
History of banking

January 1, 1970

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Added on April 10, 2026
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Original Language: English

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