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 Jamie Dimon: Premature Rate Cuts Could Trigger Inflation Rebound READ MORE Dow's 900-Point Plunge and Fear Gauge Surge Signal Golden Opportunities for Investors READ MORE China’s Aging Population Catalyzes a New Era in Gold Jewelry Demand READ MORE Gold Price Steadies Near $2,300 Ahead of Key FOMC Decision READ MORE Government Debt Hits $34 Trillion: Fiscal Policies Under Scrutiny READ MORE Add a Comment Cancel replyYour email address will not be published.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