Fiat refers to a type of currency that is issued by a government and has value because the government maintains it and people have faith in its worth. Unlike gold or silver, fiat money does not have intrinsic value; its value comes from trust in the issuing authority. Common examples of fiat currencies include the US Dollar, the Euro, and the Japanese Yen. Fiat money is used in everyday transactions, such as buying goods and services. It is typically printed as banknotes and minted as coins. Central banks, like the Federal Reserve in the United States, manage the supply of fiat currency to help stabilize the economy.