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fiat money
(redirected from Fiat currency)

    Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
fiat money
n.
Legal tender, especially paper currency, authorized by a government but not based on or convertible into gold or silver.
fiat money
n
(Economics, Accounting & Finance / Banking & Finance) Chiefly US money declared by a government to be legal tender though it is not convertible into standard specie
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.fiat money - money that the government declares to be legal tender although it cannot be converted into standard specie
folding money, paper currency, paper money - currency issued by a government or central bank and consisting of printed paper that can circulate as a substitute for specie
Translations
fiat money
n → Papiergeld nt → ohne Deckung
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This is because confidence in a fiat currency could fall if the gold reserves 'backing' that currency were reduced, especially during a period when confidence was already in a fragile state for other reasons.
Why changes in gold production don't matter by Steven Saville / Stockhouse
[ILLUSTRATION OMITTED] Flawed Logic The envisioned global central bank would operate along precisely the same lines as the Federal Reserve or any other modern national central bank: It would issue fiat currency (money not backed by a precious commodity such as gold), manipulate interest rates, and (at least in theory) "control inflation.
The diminishing dollar: the price of gold in U.S. dollars is jumping, ... by Scaliger, Charles / The New American
But why jump from one fiat currency into a basket of four fiat currencies (the dollar, yen, euro and British pound)?
Commodities spur recovery by Gulf News (United Arab Emirates)
 
 
 
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