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 death originated. In that event, he was likely forced to accept Mongol overlordship and to make annual tribute payments in return for release. By 1251 or 1252, Baldwin II certainly had diplomatic relations with the Mongol Empire, since he sent an ambassador, Baldwin of Hainaut, all the way to the imperial Mongol capital of Karakorum. In 1253, he gave William of Rubruck, a Franciscan missionary, letters of recommendation for Sartaq, the son of the Batu, khan of the Golden Horde. Batu was Qadan's superior in 1242 and his army had also invaded Bulgaria. Jean Richard suggests that Baldwin of Hainaut's