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 invasion of the Latin Empire mission was a renewal of submission, since a new khan had been elected since 1242. The Latin Empire is not listed by William of Rubruck among the tributaries of the Mongol Empire, however, nor was Baldwin II excommunicated for accepting Mongol overlordship as Bohemond V of Antioch was. The Mongol invasion of the Latin Empire took place just a year before the Mongols' crushing victory over the Seljuks of Anatolia at the battle of Köse Dağ (26 June 1243). Although Baldwin II had negotiated an alliance with the Seljuks in 1241, the Byzantine emperor John III Vatatzes provided aid to