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
Division of the Mongol Empire kamikazes (divine wind) on both occasions. The ordinary people experienced hardships during the Yuan dynasty. Hence, Mongol warriors rebelled against Kublai in 1289. Kublai Khan died in 1294 and was succeeded by Temür Khan, who continued the fight against Kaidu, which lasted until Kaidu's death in 1301. Ayurbarwada Buyantu Khan came to power in 1312. The civil service examination system was instituted for the Yuan dynasty in 1313. A rebellion called the Red Turban Rebellion began in China in the 1350s and the Yuan dynasty was overthrown by the Ming dynasty in 1368. The last Yuan emperor Toghon Temür fled