One of the mysteries of the English language finally explained.
1Profit made by a government by issuing currency, especially the difference between the face value of coins and their production costs.
- ‘The United States Joint Economic Committee recently proposed a simple formula for sharing revenues from seigniorage as follows.’
- ‘First, the issuer of the key currency can collect seigniorage.’
- ‘If it enters bilateral or multilateral agreements, there would be a likely cost of sharing seigniorage collected on the dollars circulating in the dollarized countries.’
- ‘Second, nation states use their currency for seigniorage.’
- ‘I merely point out that in this case the reduction in the benefits of seigniorage would be balanced in a slight boost to US output growth.’
- ‘My point is that the seigniorage that the US enjoys as a result of the dollar's being the international reserve currency has a cost as well.’
- 1.1historical The Crown's right to a percentage on bullion brought to a mint for coining.
- 1.2historical A thing claimed by a sovereign or feudal superior as a prerogative.
Late Middle English: from Old French seignorage, from seigneur (see seigneur).
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