redenomination
Monetary unit conversion
Redenomination is the process of changing a currency's face value, typically by removing zeros during periods of extreme inflation.
A country might redenominate so that 1,000 old units become 1 new unit: After redenomination, prices that were in the millions became manageable numbers.
The practice aims to simplify transactions and restore confidence in a devalued currency.
Paper currency notes
- coinsMetal money units
- exchangeMutual giving and receiving
- mintingProducing official currency
- circulationMovement through a system
Act of changing states
- changeoverComplete shift between systems
- revaluationReassessing something's worth
- reissuePublish anew
- transitionChange from one state
decimalization · swap · rebase · recalculation · reform · restructuring · realignment · replacement
Extreme rapid price escalation
- devaluationLowering of currency worth
- depreciationAsset value reduction over time
- instabilityTendency toward unpredictable change
- crisisDecisive dangerous moment
erosion · zeros · lopping · truncation · scaling · stagflation · dollarization
Stored organizational funds
- sovereigntySupreme independent authority
- governmentAuthority over a state
- legislationOfficial enactment of statutes
- mandateFormal authoritative directive
regulation · compliance · announcement · decree · gazette
State of being equal
- ratioComparative numerical relation
- multiplierNumber that scales another
- factorContributor to result
- calculationMathematical problem-solving process
banknotes
Paper currency notes
bills · circulation · cash · peso · lira · rupee · yen · franc · dinar · krona
conversion
Act of changing states
- changeoverComplete shift between systems
- revaluationReassessing something's worth
- reissuePublish anew
transition · decimalization · swap · rebase · recalculation · reform · restructuring · realignment · replacement · implementation
hyperinflation
Extreme rapid price escalation
- devaluationLowering of currency worth
- depreciationAsset value reduction over time
- instabilityTendency toward unpredictable change
crisis · erosion · zeros · lopping · truncation · scaling · stagflation · dollarization
treasury
Stored organizational funds
- sovereigntySupreme independent authority
- governmentAuthority over a state
- legislationOfficial enactment of statutes
mandate · regulation · compliance · announcement · decree · gazette
parity
State of being equal
- ratioComparative numerical relation
- multiplierNumber that scales another
- factorContributor to result
calculation · rounding · peg · floating · basket · benchmark
- forex eventsdevaluation, revaluation, currency crash, currency speculation, currency reform
- currencydollar, euro, pound, yen, peso
- monetary policyinflation, central banking, deflation, central bank, money supply
nominate, nomination, nominal, denomination, denominate, nominally, denominator, denominational, denominations