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 Seljukid Sultanate. Hulagu, with the backing of his brother the Great Khan Kublai, invaded and captured these territories in 1256, even installing his capital in the center of the disputed territories, at Maragha. Berke, the leader of the Golden Horde, could not tolerate this infringement of his inheritance, and a drawn-out conflict between the two Mongol realms continued well into the 14th century. Various affinities led to a more or less natural alliance between the Mongols of the Golden Horde and the Mamluks of Egypt. The Mamluks' Empire had been founded by former slaves bought from the Kipchack territory of