2 Dirhams - 'Ilkhan' Muhammad Khan Type B, Nakhjawan

Muhammad Khan was the last Ilkhanid puppet installed by the Jalayirids before the fiction of Ilkhanid continuity was finally abandoned. By 1338 the Ilkhanate had effectively ceased to function as a unified polity — the western territories were being carved between the Jalayirids, Chobanids, and Injuids — yet coins continued to be struck in Ilkhanid form because the dynastic name still carried legitimacy that upstart successor houses had not yet earned on their own. Nakhjawan, in the Araxes valley, remained a functioning mint through these fractured years.