Kublai Khan and the Mongol Rule of China — Fexingo History
Kublai Khan's Paper Currency and the Birth of Hyperinflation — Fexingo History
Lucas and Luna discuss Kublai Khan's paper money system, the chao, and its transformation of the Yuan economy. They examine Ahmad Fanakati's role, the use of ortogh merchant associations, and the challenges of fiat currency in medieval Asia, leading to hyperinflation in the late…