Society of the Mongol Empire influences. Genghis Khan authorized the use of paper money shortly before his death in 1227. It was backed by precious metals and silk. The Mongols used Chinese silver ingot as a unified money of public account, while circulating paper money in China and coins in the western areas of the empire such as Golden Horde and Chagatai Khanate. Under Ögedei Khan the Mongol government issued paper currency backed by silk reserves and founded a Department which was responsible for destroying old notes. In 1253, Möngke established a Department of Monetary affairs to control the issuance of paper money in order
Mongol invasion of Java Mongol invasion of Java The Mongol invasion of Java was a military effort made by Kublai Khan, founder of the Yuan dynasty (one of the fragments of the Mongol Empire), to invade Java, an island in modern Indonesia. In 1293, he sent a large invasion fleet to Java with 20,000 to 30,000 soldiers. This was a punitive expedition against King Kertanegara of Singhasari, who had refused to pay tribute to the Yuan and maimed one of its ministers. However, it ended with failure for the Mongols. Kublai Khan, founder of the Yuan dynasty, the principal khanate of the Mongol Empire,