Discover what a national currency is, how it functions as legal tender, and its role in global trade and economic stability. Learn how currencies like the U.S. Dollar influence economies.

Fiat currencies are issued and regulated by a country’s central bank but are not backed by a commodity like gold. Fiat currency is a type of money that is created by a government and is not backed by ...

A currency peg is the governmental policy of fixing the exchange rate of the nation’s currency to the currency of another country. This results in a stable exchange rate policy between the two. A ...