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Seigniorage
The difference between what money can buy and its cost of production. Therefore, seigniorage is the benefit that a government or other monetary authority derives from the ability to create money. In international exchange, if one country's money is willingly held by another, the first country derives these seigniorage benefits. This is the case of a reserve currency.
Seigniorage
The profit which results from the difference between the cost of making coins and currency and the exchange value of coin and currency in the market.
Seigniorage
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