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 a third of his property taken away. But Gaoxing was awarded 50 taels of gold for protecting the soldiers from a total disaster. Later, Shi-bi and Ike Mese were shown mercy, and the emperor restored their reputation and property. This failure was the last expedition in Kublai Khan's reign. Majapahit, in contrast, became the most powerful state of its era in the region. 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