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
Nayan (Mongol Prince) support Nayan's rebellion, Kaidu remained a potent threat for the remainder of Kublai Khan's life. Kublai chose not to regard Nayan's Nestorian Christian co-religionists as guilty by association, and refused to allow them to suffer any level of persecution within his lands. In the wake of the suppression of Nayan's rebellion, Kublai Khan was able to begin to fully incorporate the lands and peoples previously dominated by the appanage princes into his domain. Nayan (Mongol Prince) Nayan was a prince of the Borjigin royal family of the Mongol Empire. He raised a noteworthy and serious rebellion against the Mongolian Khagan,