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
Goryeo under Mongol Rule one of Kublai's daughters; later, a court lady from Korea called the Empress Gi became an empress through her marriage with Ukhaantu Khan, and her son, Biligtü Khan of the Northern Yuan dynasty, became a Mongol Khan. Furthermore, the kings of Goryeo held an important status within the Mongol imperial hierarchy, much like other important families of conquered or client states of the Mongol Empire (e.g. the Uyghurs, the (Oirats, and Khongirad). Some Mongolian sources claim that at least one Goryeo monarch who was raised at the Yuan court was the most beloved grandson of Kublai Khan. Militarily, following the