Fiat currencies are issued and regulated by a country's central bank but are not backed by a commodity like gold. Fiat currency is a type of money that is created by a government and is not backed ...

Fiat currency contrasts with commodity money – such as silver or gold coins – that carry value tied to the materials they contain. It is also distinguished from cryptocurrency, which exists as ...

See how we rate investing products to write unbiased product reviews. Fiat money is currency backed by the government that issued it and isn't tied to a commodity such as gold. Fiat money issuers ...

See cryptocurrency and fiat. THIS DEFINITION IS FOR PERSONAL USE ONLY. All other reproduction requires permission.

That's the principle behind fiat money, which means legal tender based on a government decree, and in a modern sense, it means any currency that is backed by faith in the government, not an ...