What does Fiat Currency mean?
A national currency that is not backed by a physical commodity like gold or silver.
The US Dollar and the Euro are examples of fiat currency, as their value is backed by the government that issued them.
Fiat Currency in German, French, Spanish and Italian
GermanFiatgeld
also Fiatwährung
Das heute weltweit übliche staatliche Geldsystem.
FrenchMonnaie fiduciaire
Monnaie ayant cours légal sans valeur intrinsèque.
SpanishDinero fiduciario
also Moneda fiat
Dinero que basa su valor en el respaldo gubernamental.
ItalianValuta fiat
also Moneta a corso legale
Valuta legale non convertibile in metalli preziosi.
Common phrases with Fiat Currency
- issue fiat currency
- backed by fiat currency
- value of fiat currency
Synonyms and opposites for Fiat Currency
- Synonym Paper money
- Opposite Commodity money
- Opposite Gold standard