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
Society of the Mongol Empire darughachi and judges in the appanages instead direct distribution without the permission of Great Khan thanks to genius Khitan minister Yelu Chucai. Kublai Khan continued Ögedei's regulations somehow, however, both Güyük and Möngke restricted the autonomy of the appanages before. Ghazan also prohibited any misfeasance of appanage holders in Ilkhanate and Yuan councillor Temuder restricted Mongol nobles' excessive rights on the appanages in China and Mongolia. Kublai's successor and Khagan Temür abolished imperial son-in-law Goryeo King Chungnyeol's 358 departments which caused financial pressures to the Korean people, whose country was under the control of the Mongols. The appanage system was