
What's the word Fiat? Have you thought about it? Even those who know call it" Paradir." However, it's not.
Fiat means "be" or "be" in Latin. That's what the economy is all about. When a central bank prints the money and writes the number on it, that money becomes fiat money, that is, the central bank (or the state) says it should be worth so much according to its head and it is worth it.
So not all money is Fiat. The type of money that is worth a piece of paper according to the head of the state, which has no support behind it, is called FIAT money. I think in Turkish, I think it's called money as well. Because it shows a change in the state's reputation and I think power, it is called as if there is a value or support behind it.
- But we need to know these things.
1 - fiat money, behind (gold gumus etc...) paradir, which has no mineral value.
2.There is no limit and No Limit.
3-inflation and hyperinflation are the main causes.
4.it is not a just system and was created with the aim of empowering states against each other and their own people.
5 - Bitcoin and cryptocurrency rounds, which follow the same principles, were created to counter fiat currencies and to be a departure from that system.
