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 Gold Recovers After Fed Decision Golds Interest Rates Steady READ MORE American Wallets Fight Back: How Consumer Resistance is Curbing Inflation READ MORE Inflation Data Fuels Gold Rally Amid September Rate Cut Hopes READ MORE ZeroHedge: Speculative Froth Departing Gold as China Tightens Trading Conditions READ MORE CNA- Money Mind: What's Driving Up Gold Prices Despite A Strong US Dollar & Stock Market? READ MORE Add a Comment Cancel replyYour email address will not be published.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