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Gaykhatu

Type Figure Region Iran Time c. 1259–1295 Also known as Gaykhatu、گایخاتو、Gaykhatu Khan

Gaykhatu, sixth Ilkhan and son of Abaqa, attempted after his accession in 1291 to issue paper money modeled on the Yuan dynasty to ease the fiscal cr…

Timeline

  1. 1291–1294Tabriz · IranFacing an empty treasury after acceding in 1291, he issued paper money (chao) in Persia following Yuan dynasty institutions, but the market rejected it for lack of credit and commercial foundations, worsening the fiscal crisis.
  2. 1294–1295Tabriz · IranIn the final years of his rule politics spiraled out of control and the army's morale collapsed; in early 1295 he was overthrown and killed in a coup by his cousin Baidu, paving the way for Ghazan's subsequent rise to seize the throne.

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