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 invasions of Tibet provinces. The Mongols granted the Sakya lama a degree political authority, but retained control over the administration and military of the region. As efforts to rule both territories while preserving Mongol identity, Kublai Khan prohibited Mongols from marrying Chinese, but left both the Chinese and Tibetan legal and administrative systems intact. Though most government institutions established by Kublai Khan in his court resembled the ones in earlier Chinese dynasties, Tibet never adopted the imperial examinations or Neo-Confucian policies. Buddhist monks from Tibet were popular and well respected in Mongol-ruled Iran (the Ilkhanate), Mongolia, China (the Yuan) and Central Asia (the