Definition of seigniorage in English:
seigniorage
(also seignorage)
noun ˈseɪnjərɪdʒˈseɪnjərɪdʒ
1mass noun Profit made by a government by issuing currency, especially the difference between the face value of coins and their production costs.
Example sentencesExamples
- Second, nation states use their currency for 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.
- First, the issuer of the key currency can collect 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.
- The United States Joint Economic Committee recently proposed a simple formula for sharing revenues from seigniorage as follows.
- 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.
2historical A thing claimed by a sovereign or feudal superior as a prerogative.
Origin
Late Middle English: from Old French seignorage, from seigneur (see seigneur).