Dirham - 'Ilkhan' Ghazan Mahmud Khan Post-reform

Ghazan Khan's monetary reform of 1296–97 was one of the most administratively ambitious acts of the Ilkhanate: a complete demonetization of the existing coinage, compulsory exchange at state depots, and the introduction of a unified silver standard across the realm. The reform was inseparable from his conversion to Islam, which gave the new coinage its religious legitimacy and effectively ended the heterodox Buddhist and shamanistic imagery that had appeared on earlier Ilkhanid issues.

The depot system largely collapsed within a generation, but the reformed dirham type held.