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Fiat Currency
A government-issued currency that is not backed by a physical commodity such as gold but rather the government itself. Also known as paper money or fiat money.
The value of the currency is linked to the reputation and faith in the country itself as well as the current macroeconomic outlook.
This is part of our Terminology Related to Gold series, to help you better understand the ecosystem.
Preserve & Enhance Your Wealth With Gold, “The Ultimate Currency”.