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 Central Banks Turn to Gold as Hedge Against U.S. Dollar Dominance READ MORE Singapore – The World’s largest central bank gold buyer in Q1 2023 READ MORE Gold's Price Could Soar to $2,600, Predicts Top Market Analyst READ MORE Goldman’s $2,175 Target READ MORE Morgan Stanley Forecasts Gold Prices Surpassing $2,600 by Year-End READ MORE Add a Comment Cancel replyYour email address will not be published.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