National Currency
Categories: International, Forex
A national currency, also known as fiat currency, is a nation’s currency: their chosen objects that are traded, representing monetary value, issued by a country’s monetary authority (probably the central bank, if the country has a central bank).
Go figure: the U.S.’s national currency is the U.S. dollar. Bitcoin? Not a national currency—it’s a vagabond-of-a-currency in comparison.
What about the euro? Yep, also a national currency, since it’s a currency issued by countries’ central banks to the people. A national currency can span nations, like the euro.