Coins Fiat

Fiat It is the legal tender of any country in which it is printed and issued by the government and the Central Bank.

Fiat currency is any non-convertible security, that is, it is not backed by any metal (gold, silver) and has no intrinsic value. Its value comes from the trust that people have in whoever issued the title. Fiat currency can be an order of Payment (checks, for example), credit titles, among others.