Gaykhatu

Gaykhatu (c. 1259–1295) was the fifth Ilkhan of Persia and a son of Abaqa, governing Anatolia under his brother Arghun before his election as Ilkhan in 1291. A Buddhist with the Tibetan name Rinchendorje, he was generous to Christians.

In 1294 his vizier persuaded him to issue Chinese-style paper money; merchants refused the notes, bazaars shut and trade collapsed, forcing him to withdraw the experiment. In March 1295 his cousin Baydu rose in revolt and Gaykhatu was captured and strangled with a bowstring.