History says no. The story of money is distinctly not the story of nations and states. It is the story of trade.
Money is a language.
It is a common ground for exchange of value. In the beginning, there was no difference between money and wealth. In early trade, an exchange rate between commodities was created, such as one chicken for a piece of paper in England, which fluctuated wildly. Copper, silver and gold were soon adopted everywhere as exchange media with rates against the local money. Money has always been based upon that confidence.