seigniorage
/ˈseɪnjərɪdʒ
/(also seignorage)
noun
1 [mass noun] Profit made by a government by issuing currency, especially the difference between the face value of coins and their production costs.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.
- The United States Joint Economic Committee recently proposed a simple formula for sharing revenues from seigniorage as follows.
1.1 historical The Crown’s right to a percentage on bullion brought to a mint for coining.
2 historical A thing claimed by a sovereign or feudal superior as a prerogative.
Origin
Late Middle English: from Old French seignorage, from seigneur (see seigneur).
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