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 to station in Tibet in 1254-55 possibly to suppress war-like tribes in Tibet. Hulegu appointed his representative, Kokochu, in Tibet in mid-1250s while marching towards Iran. Since then, the Ilkhans had had possessions in Tibet. In 1265 Qongridar ravaged the Tufan/mDo-smad area, and from 1264 to 1275 several campaigns pacified the Tibetan and Yi peoples of Xifan around modern Xichang. By 1278 Mongol myriarchies: tumens and postroads reached through mDo-khams as far west as Litang. Tibet was subdued to the Mongol Empire under Mongolian administrative rule, but the region was granted with a degree of political autonomy. Kublai Khan would