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 the Levant Tekuder's conversion to Islam and attempts to make peace with the Mamluks were not popular with the other nobles of the Ilkhanate. When Tekuder's brother Arghun challenged him for the throne, Tekuder sought assistance in vain from the Mamluks, but was executed. Arghun (1284–91) took power, and as directed by the Great Khan Kublai (r.1260-94) continued Mongol attempts to conquer Syria. In late 1299, the Mongol Ilkhan Mahmud Ghazan, son of Arghun, took his army and crossed the Euphrates river to again invade Syria. They continued south until they were slightly north of Homs, and successfully took Aleppo. There, Ghazan