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seigniorage |
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seigniorageCharge over and above the expenses of coinage that is deducted from the bullion brought to a mint to be coined. From early times, coinage was the prerogative of kings, who prescribed the amount they were to receive as seigniorage. This was sometimes compensated for by replacing part of the gold or silver with base metal, resulting in debased coinage. In England all such charges were abolished in 1666. Because coins are now issued only as token money, they no longer need to possess a high intrinsic value, and low-standard silver or base-metal alloys are sufficient. The margin between the cost of producing a coin and its currency value is known as seigniorage. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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No references found | The second component is the Federal Reserve's monopoly over the supply of base money, which enables it to be used as a fiscal instrument to generate seinorage revenues. |
Seinorage |
Seine-et-Marne Seine-et-Marne Seine-et-Oise Seine-Maritime Seine-Maritime Seine-Maritime Expansion Seine-Saint-Denis Seine-Saint-Denis Seine-St. Dennis Seine-St. Dennis seined seined seiner seiner seiner Seiner Majestäts Schiff seiners seiners Seinersmaat seines seines Seinfeld Seinfeld Medical Interest Group Seinfeld syncope Seinfeld Syndrome Seinfeld, Jerry seining seining Seining, Deep-Water SEINIT Seinorage SEINSSeint Seintuary SEIO SEIP Seipel, Ignaz SEIPH SEIPI SEIPS SEIPT SEIQoL Seir Seir SEIRA SEIran SEIRC Seirei Gakuen Educational Organization Seirenes Seirenes Seirfish Seiri Seiri Seiri, Seiton, Seiso, Seiketsu, Shitsuke Seirospore SEIRS SEIRTEC SEIRU | |||||||
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