In economics, the income a government receives from the minting of currency (coins and paper bills) derived from the difference between the cost of materials in the currency and the currency's face value. US government annual income from seigniorage approaches twenty billion dollars. Digital cash, issued by banks or other parties, may be opposed by governments because it can replace currency and decrease government income from seigniorage. (See digital cash and electronic purse in the hard copy dictionary).

<< Back   |   Dictionary Home

Maximizing Business Potential

McAfee Secure sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams
Cancel ×