seigniorage
/ˈseɪnjərɪdʒ/
noun
- The profit a government makes by producing money, especially when the cost of making a coin or bill is less than its face value.
- The mint's seigniorage from producing quarters helps fund public projects.
- Economists study seigniorage to understand how inflation affects a country's budget.
- The government earns seigniorage every time it prints new dollar bills.