Fiat currency is a type of money that is created ... in set amounts when instructed to by the Federal Reserve. In the modern day, however, most of the country’s money supply exists only ...

Motivated by a mix of politics and economics, countries from Israel and France to Russia and China have signaled they're looking to start doing more business in a currency other than the US dollar.

In the 13th century Marco Polo reported back to Europe from his travels on the use of paper rather than coins, and Europe’s earliest modern paper banknotes were issued by the Bank of Stockholm in 1661 ...

That's the principle behind fiat money, which means legal tender based on a government decree, and in a modern sense, it means any currency that is backed by faith in the government, not an ...