“Minting money” is a term often used both literally and figuratively. At its core, minting refers to the process of producing coins by a government or authorized authority. The facility where this happens is called a mint—for example, the India Government Mint or the U.S. Mint.
In economic terms, minting money also represents the creation of new currency to be circulated in the economy. This can be in the form of coins, paper currency, or even digital currency in modern systems. Central banks like the Reserve Bank of India (RBI) or the Federal Reserve in the U.S. play a crucial role in regulating how much money is printed or minted, ensuring inflation is controlled and economic stability is maintained.
Metaphorically, “minting money” is used to describe a business or person earning a large amount of money effortlessly—e.g., “His startup is minting money!”
