Commerce ground to a halt in the ilkhanate of Persia in the 1290s after

Name: Commerce ground to a halt in the ilkhanate of Persia in the 1290s after
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Question

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The government of the Ilkhanate of Persia issued paper money in the 1290s, which was not trusted by the people and led to the cessation of commerce. This was a significant economic failure as the paper currency did not have the backing of the populace or sufficient reserves to support its value, leading to a collapse in trade.

Commerce Ground to a Halt in the Ilkhanate of Persia