> For the complete documentation index, see [llms.txt](https://terms.mykobo.co/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://terms.mykobo.co/definitions/fiat.md).

# Fiat

Fiat - means the money or currency of any country or jurisdiction that is:

* designated as legal tender
* circulated, customarily used, and accepted as a medium of exchange in the country or jurisdiction of issuance;