The Yuan dynasty was a Mongol-ruled Chinese dynasty which existed from 1271 to 1368. After the conquest of the Western Xia, Western Liao, and Jin dynasties they allowed for the continuation of locally minted copper currency, as well as allowing for the continued use of previously created and older forms of currency, while they immediately abolished the Jin dynasty's paper money as it suffered heavily from inflation due to the wars with the Mongols. After the conquest of the Song dynasty was completed, the Yuan dynasty started issuing their own copper coins largely based on older Jin dynasty models, though eventually the preferred Yuan currency became the Jiaochao and silver sycees, as coins would eventually fall largely into disuse. Although the Mongols at first preferred to have every banknote backed up by gold and silver, high government expenditures forced the Yuan to create fiat money in order to sustain government spending.
Coins of the Yuan dynasty.
A "Zhida Tongbao" (至大通寶) coin issued under Külüg Khan.
Da Chao Tong Bao (大朝通寶) Silver coins.
A Da Yuan Tong Bao (大元通寶) coin written in 'Phags-pa script held at the Great Wall of China Museum Beijing.
The Yuan dynasty, officially the Great Yuan, was a Mongol-led imperial dynasty of China and a successor state to the Mongol Empire after its division. It was established by Kublai, the fifth khagan-emperor of the Mongol Empire from the Borjigin clan, and lasted from 1271 to 1368. In Chinese history, the Yuan dynasty followed the Song dynasty and preceded the Ming dynasty.
Kublai Khan, founder of the Yuan dynasty
The Bailin Temple Pagoda of Zhaoxian County, Hebei Province, built in 1330 during the Yuan dynasty
A Yuan dynasty jade swan
A Yuan dynasty blue-and-white porcelain dish with fish and flowing water design, mid-14th century, Freer Gallery of Art