Seigniorage , also spelled seignorage or seigneurage (from Old French seigneuriage 'right of the lord (seigneur) to mint money'), is the profit a government makes from issuing currency, which is the difference between the face value of money and the cost of producing it. The term historically referred to a lord's right to mint coins, but today includes revenue from creating coins and banknotes, and interest earned by the central bank from its conduct of monetary policy.
Seigniorage , also spelled seignorage or seigneurage (from Old French seigneuriage 'right of the lord (seigneur) to mint money'), is the profit a government makes from issuing currency, which is the difference between the face value of money and the cost of producing it. The term historically referred to a lord's right to mint coins, but today includes revenue from creating coins and banknotes, and interest earned by the central bank from its conduct of monetary policy.
Source: Wikipedia "Seigniorage" · CC BY-SA 4.0
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