seigniorage


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seign·ior·age

 (sān′yər-ĭj)
n.
Revenue or a profit taken from the minting of coins, usually the difference between the value of the bullion used and the face value of the coin.

[Middle English seigneurage, from Old French, from seignor, seignior; see seignior.]

seigniorage

or

seignorage

n
1. something claimed by a sovereign or superior as a prerogative, right, or due
2. a fee payable to a government for coining bullion
3. the difference in value between the cost of bullion and the face value of the coin made from it

sei•gnior•age

or sei•gnor•age

(ˈsin yər ɪdʒ, ˈseɪn-)

n.
1. something claimed by a sovereign or superior as a prerogative.
2. a charge on bullion brought to the mint to be coined.
[1400–50; late Middle English seigneurage < Middle French seignorage, seigneurage; see seigneur, -age]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.seigniorage - charged by a government for coining bullion
fee - a fixed charge for a privilege or for professional services
Translations
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References in periodicals archive ?
by offering to transfer to the anchor some of the seigniorage from their
How do international seigniorage payments affect the choice of monetary policies?
Bogetic concluded that the benefits of dollarization substantially outweigh the costs, due to technological innovations that have reduced money demand and, therefore, lessened the losses from seigniorage.
A paper presented to the Federal Reserve by Ruth Judson and Richard Porter in September 2003 stated that foreign dollar holdings yielded seigniorage income in the range of $10bn to $20bn each year to the US government.
Under the present system, all of our nation's seigniorage is spent in one single region, the city of London.
The combination of inflation and the loss of silver from seigniorage create an increased nominal demand for the debased coins with two important consequences: (1) the local economy must export goods to gain additional silver, and (2) the new coins will be of the debased variety, so a sort of "Gresham's Law" effect arises.
Abstract: Compared with using a foreign currency as the medium of exchange, a currency board enables a country to capture seigniorage that would otherwise have accrued abroad.
Seigniorage is essentially a tax on every dollar accepted anywhere as an interest-free loan to the Treasury.
The budgetary impact of seigniorage is interest avoided from the borrowing it displaces and is not visible because it is neither quantified nor shown in the budget.
But eventually, private seigniorage was outlawed as an encumbrance on the economy.
That's because of what's called seigniorage - the difference between what it costs to produce an item of currency and its face value.
High dollarisation--short of full, official dollarisation--is usually considered costly because of loss of seigniorage (since the demand for domestic money is lower); forgone tax revenue (as dollarisation enables underground economy activity); and a facilitation of crime and corruption, although the cause and effect here is circular.