Fiat Currency - An Overview

Fiat Currency - An Overview Fiat Currency is something which is backed or supported by the government and which does not have any physical commodity backing. The value of the fiat currency is only because the government accepts it for payments of debts and taxes. The currency that is seen in all the different countries of the world is a fiat currency; let that be the dollar, euro, yen, rupee or pound sterling. The Fiat currency system originated in the 11th century when the Chinese Song

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