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
The Legend of Kublai Khan She also feels uneasy because the young Kublai is highly favoured by his grandfather. Ögedei eventually succeeds his father as the Great Khan of the Mongol Empire. After Tolui is poisoned to death by Töregene, his sons, under the leadership of their eldest brother Möngke, want to avenge their father. Töregene plans to accuse Möngke and his brothers of plotting a rebellion if they seek to avenge their father, and hopes to use the opportunity to eliminate Tolui's family. At this critical moment, Kublai and his mother, Sorghaghtani, manage to calm down his brothers and get them to stay low