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Discover Ludwig"paper money" is correct and usable in written English.
You can use it to refer to currency that is printed on paper, such as banknotes and bills. For example, "The impact of inflation caused a decrease in the buying power of paper money."
Dictionary
paper money
noun
Cash in the form of banknotes.
synonyms
Exact(60)
Paper money is next.
Others burned paper money.
I want paper money.
The Chinese invented paper money.
Paper money gets dirty and damaged quickly.
"You love paper money," he said.
Coin and paper money US misprints.
Paper money has made our economies.
Paper money is easy to confuse.
Paper Money Filderman Gallery, Hofstra Museum, Hempstead.
But the figures related to paper money - when his business went, so did the paper money.
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CEO of Professional Science Editing for Scientists @ prosciediting.com