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
Religion in the Mongol Empire interests of the next life. Thus he invited Sakya Pandita to his ordo. Prince Kötön was impressed and healed by Sakya Pandita's teachings and knowledge, and later became the first known Buddhist prince of the Mongol Empire. Kublai Khan, the founder of Yuan dynasty, also favored Buddhism. As early as the 1240s, he made contacts with a Chan Buddhist monk Haiyun, who became his Buddhist adviser. Kublai's second son, whom he later officially designated as his successor in the Yuan dynasty, was given a Chinese name "Zhenjin" (literally, "True Gold") by Haiyan. Khatun Chibi influenced Kublai to be converted to