Why Do Most Nations Use Fiat Money Today? The term fiat may sound obscure, even mystical, but it’s actually straightforward. Fiat is Latin for “let it be done,” or “it shall be.” Apply that definition to money and it simply means that currency is “money” because a government says its money. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Analyst Says Silver Could Be Headed to $50 READ MORE Everything's Overvalued: Marc Faber Sees Precious Metals as Safe Haven READ MORE Swiss Gold Exports Drop in April Amid Reduced Shipments to China READ MORE Yen Volatility Threatens Profitability of Emerging-Market Carry Trades READ MORE Silver Institute: Global Silver Demand Forecasted to Rise to 1.2 Billion Ounces In 2024 READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment