Mongol Empire a son of a Mongol chieftain. As a young man he rose very rapidly by working with Toghrul Khan of the Kerait. The most powerful Mongol leader at the time was Kurtait; he was given the Chinese title "Wang", which means Prince. Temujin went to war with Wang Khan. After Temujin defeated Wang Khan he gave himself the name Genghis Khan. He then enlarged his Mongol state under himself and his kin. The term Mongol came to be used to refer to all Mongolic speaking tribes under the control of Genghis Khan. His most powerful allies were his father's friend,
Society of the Mongol Empire to eliminate the overissue of the currency by Mongol and non-Mongol nobles since the reign of Great Khan Ögedei. His authority established united measure based on "sukhe" or silver ingot, however, the Mongols allowed their foreign subjects to mint coins in the denominations and use weight they traditionally used. During the reigns of Ögedei, Güyük and Möngke, Mongol coinage increased with gold and silver coinage in Central Asia and copper and silver coins in Caucasus, Iran and southern Russia.±±§ The Yuan dynasty under Kublai Khan issued paper money backed by silver, and again banknotes supplemented by cash and copper cash.