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 by ...

A fiat currency is a national currency that is not pegged to the price of a commodity such as gold or silver. The value of fiat money is largely based on the public’s faith in the currency’s issuer, ...

Legal money backed by the government that issued it. All currencies issued by countries are fiat, and the value of the currency depends on the strength of the government. For example, the dollar was ...