The word "monetary" refers to anything that is related to money or the management of money. It often pertains to the systems and policies used in economics that influence the supply of money, interest rates, and overall financial health of an economy. For example, "monetary policy" involves the measures taken by a government or central bank to control the money supply and achieve economic goals such as controlling inflation or fostering employment.
The term "monetary" comes from the Latin word "monetarius," which means "of money" or "relating to money," and is derived from "moneta," which means "mint" or "money." This connection highlights the term's ties to the concept of currency and financial systems.