monetary sovereignty
National money authority
Monetary sovereignty is a nation's authority to control its own currency—issuing money, setting interest rates, and managing monetary policy without external constraint.
Countries with full monetary sovereignty can print their own currency and aren't bound by foreign currencies or international monetary agreements.
Greece surrendered monetary sovereignty when it adopted the euro.
The concept is central to debates about currency unions, dollarization, and national economic independence.
- fiat currencyState-issued unbacked tender
- legal tenderOfficially recognized payment medium
- national currencyOfficial money of a state
- debt managementOrganizing repayment of obligations
- financial oversightMonitoring monetary activities
capital flight · drachma · gold · coin · border · eurozone · mint · currency crisis · exchange · bill · silver · central bank · peg · currency · inflation · treasury · peso · default
- monetary policyinflation, central banking, deflation, central bank, interest rates
- currencydollar, euro, pound, yen, peso
- currency unionssingle currency, common currency, eurozone, CFA franc, euro