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Process of changing the face value of a currency unit
In monetary economics, redenomination is the process of changing the face value of banknotes and coins in circulation. It may be done because inflation
Redenomination
Currency of Iran
the current low value of rial, and that people rarely use the term, redenomination or change of currency has been proposed a number of times since the
Iranian_rial
Currency of Indonesia
postponed the following year because of unfavourable economic conditions. A redenomination bill was later submitted to the House of Representatives, but was not
Indonesian_rupiah
2006 currency redenomination
The redenomination of the Azerbaijani manat was a reform of Azerbaijan's national currency, manat, when 1 new manat was equated to 5000 old manats. The
Redenomination of the Azerbaijani manat
Redenomination_of_the_Azerbaijani_manat
Currency of Zimbabwe from 1980 to 2009
with denominations up to a $100 trillion banknote issued. The final redenomination produced the "fourth dollar" (ZWL), which was worth 1025 ZWD (first
Zimbabwean_dollar_(1980–2009)
Currency of Belarus
BYR), replacing the first at a rate of 1 BYR = 1,000 BYB. This was redenomination with three zeros removed. Only banknotes were issued; coins were minted
Belarusian_ruble
Currency of Poland
As a result of inflation in the early 1990s, the currency underwent redenomination. Thus, on 1 January 1995, 10,000 old złoty (PLZ) became one new złoty
Polish_złoty
Brazilian currency from 1989 to 1990
method of monetary redenomination would be used again in 1990, when Fernando Collor de Mello assumed the presidency, and this redenomination to cruzeiro was
Brazilian_cruzado_novo
Currency of Nigeria
notes, and two ₦1000 notes in circulation. The naira was scheduled for redenomination in August 2008, although this was cancelled by then-President Umaru
Nigerian_naira
second redenomination occurred in 1999 when Germany converted to the euro, and this time fully adhered to the conventions of a basic redenomination, with
List_of_most_expensive_films
Currency of Sierra Leone
into 100 cents. As of 1 July 2022, the ISO 4217 code is SLE due to a redenomination of the old leone (SLL) at a rate of SLL 1000 to SLE 1. The leone is
Sierra_Leonean_leone
Calendar year
recorded history is observed. February 7 – A presidential decree on redenomination of the Azerbaijani manat is issued, equating 1 new manat to 5000 old
2005
Currency of South Korea
from the original on February 11, 2022. Retrieved March 16, 2022. "Redenomination: boon or bane?". The Korea Times. April 15, 2019. Archived from the
South_Korean_won
Currency of São Tomé and Príncipe
"Aumentemos a Produção" and the valuation on the reverse. With the redenomination of the dobra in 2018, coins were introduced in denominations of 10,
São_Tomé_and_Príncipe_dobra
Currency of Japan
negative impact of postponing upgrades to various computer software until redenomination occurs, in particular, was also cited. The Japan Mint has issued legal
Japanese_yen
Currency of Mauritania
2012. On 5 December 2017, the Central Bank of Mauritania announced a redenomination of its currency at a rate of 1:10. Reducing inflation and the risk of
Mauritanian_ouguiya
Country in Eastern Europe
introduced in May 1992 to replace the Soviet ruble and it has undergone redenomination twice since then. The first coins of the Republic of Belarus were issued
Belarus
Periods of currency instability
slow inflation but also to make computations more manageable. A third redenomination, producing the "fourth Zimbabwe dollar", occurred in February 2009,
Hyperinflation_in_Zimbabwe
Currency of Venezuela
total period of 38 months. The rampant inflation prompted another two redenominations. The first occurred in August 2018, when Bs.F 100,000 were exchanged
Venezuelan_bolívar
Iranian banknote
the leading “5.” This design choice visually anticipates a potential redenomination by aligning the note’s appearance with a prospective “5 toman” value
50,000_rial_note
Standard defining codes for currencies
Due to the volatility of global currencies - such as in the event of redenomination or country formation - the standard is actively maintained and amended
ISO_4217
Country in northwestern Europe
through both its long history of stability and by never undergoing formal redenomination. Since 2022 the UK has been both the world's fourth-largest exporter
United_Kingdom
Increasing inflation rates in Venezuela since 2017
only deposited at banks. Maduro also announced that after the currency redenomination on 20 August, old banknotes with a face value of 1,000 Bs.F or higher
Hyperinflation_in_Venezuela
1961 redenomination and devaluation of the ruble
devaluation of the ruble against the United States dollar, and the redenomination of the ruble at a ratio of 10 to 1. It was the fifth monetary reform
Monetary reform in the Soviet Union, 1961
Monetary_reform_in_the_Soviet_Union,_1961
Currency of Azerbaijan
coinage obsolete. The current manat in circulation has existed since the redenomination in 2006, when old manats (AZM) were substituted with lower face values
Azerbaijani_manat
Brazilian currency from 1993 to 1994
cruzeiro real, especially when the redenomination was carried out. The currency had the ISO 4217 code BRR. This redenomination, at the beginning of the second
Brazilian_cruzeiro_real
2013. "Portuguese Escudo". BBC. 2001. Retrieved 18 September 2013. ]"Redenomination of domestic currency". Banca Naţională a României. Retrieved 18 September
List_of_currencies_in_Europe
Banknote
respectively. On January 23, 2012, the Bank of Zambia proposed the redenomination of the Zambian Kwacha. These measures were required to address costs
Zambia one hundred kwacha note
Zambia_one_hundred_kwacha_note
Official lowering of the value of a currency
the face value of a currency without reducing its exchange rate is a redenomination, not a devaluation or revaluation. Devaluation is most often used in
Devaluation
1998 Russian currency reform
for Economic Reform Minister Sergei Pavlenko announced the imminent redenomination. According to his calculations, it could not be implemented before 1998
Monetary reform in Russia, 1998
Monetary_reform_in_Russia,_1998
Turkish game show
goal of the game was to win TL 500 billion (500,000 YTL after 2005 redenomination) by answering 15 multiple-choice questions correctly. There were three
Kim_500_Milyar_İster?
Currency of Syria
Agency. June 30, 2015. "Syria announces new currency framework, 2-zero redenomination". ARAB NEWS. 29 December 2025. Retrieved 2025-12-30. "President reveals
Syrian_pound
for the largest share of total employment. Ghana undertook a currency redenomination in July 2007, replacing the old cedi with the Ghana cedi at a rate of
Economy_of_Ghana
Index of articles associated with the same name
currency, worth 1000 old cruzeiros. Brazilian cruzeiro (1990–1993), redenomination of cruzado novo stemming from the Plano Collor. Brazilian cruzeiro real
Brazilian_cruzeiro
Indonesia notes of Rp1 and Rp2½ in those same places). To complete the redenomination process, older notes with values from Rp500 through Rp10,000 were withdrawn
Banknotes of the Indonesian rupiah
Banknotes_of_the_Indonesian_rupiah
Currency of the Soviet Union (1922–1991)
000, 5,000, and 10,000 rubles. In early 1924, just before the next redenomination, the first paper money was issued in the name of the USSR, featuring
Soviet_ruble
Monetary unit of Azerbaijan
unit of Azerbaijan, equal to 1⁄100 of the Azerbaijani manat. The 2006 redenomination of the manat introduced coins of 1, 3, 5, 10, 20, and 50 gapiks into
Gapik
Monetary unit in many national currencies
with centavos having been discontinued since the 1980s. Although a redenomination involving the removal of three zeros from the currency has been considered
Cent_(currency)
pegged to the Deutsche Mark (1,000 BGL = 1 DEM). With the lev's 1999 redenomination and the arrival of the euro, the exchange rate was updated to its long-standing
Adoption of the euro in Bulgaria
Adoption_of_the_euro_in_Bulgaria
Currency of Turkey
the Grand National Assembly of Turkey passed a law that allowed for redenomination by the removal of six zeros from the Turkish lira, and the creation
Turkish_lira
Official change in value of currency
face value of a currency without changing its purchasing power is a redenomination, not a revaluation (this is typically accomplished by issuing a new
Revaluation
Currency of Romania
chosen for the action was "denominare", similar to the English term "redenomination". The adjustment was a difficult one for shoppers and many ATMs were
Romanian_leu
Retrieved 1 December 2022. "The Inevitable Choice Between N10,000 Note And Redenomination". Independent. Lagos, Nigeria. 27 May 2019. Retrieved 22 August 2023
Banknotes of the Nigerian naira
Banknotes_of_the_Nigerian_naira
Currency of Colombia
reduction of inflation was not one of the expected outcomes of the redenomination. President Iván Duque did not support the change, and the proposal is
Colombian_peso
Rapidly accelerating inflation
While this does not lessen the actual value of a currency, it is called redenomination or revaluation and also occasionally happens in countries with lower
Hyperinflation
Denomination note of Polish currency
note is the lowest value złoty banknote and has been used since the redenomination of the złoty in 1995. The note is used as the sole currency in Poland
10-złoty_note
Monetary union in Africa
since a French franc devaluation in October 1948, notwithstanding the redenomination of 100 old French francs to one new French franc in 1960). In 1973,
West African Economic and Monetary Union
West_African_Economic_and_Monetary_Union
Banknotes issued for Zimbabwean currency
replaced those of the first dollar at the ratio of 1 000 to 1. The redenomination (codenamed Operation Sunrise) was heavily publicised under the banner
Banknotes_of_Zimbabwe
Method to increase a company's shares
$5000, the same as before the split. The analog in currency would be redenomination. This would be where a currency increases in value so that people have
Stock_split
Topics referred to by the same term
Rockin' Life, Indonesian radio network Turkish lira, ISO 4217 code before redenomination in 2005 trl, the ISO 639-3 code for Scottish Cant, Scotland This disambiguation
TRL
Proper description of a currency amount
Denomination (postage stamp) Devaluation Face value Hyperinflation Redenomination A law of the abolition of currencies in a small denomination and rounding
Denomination_(currency)
Currency of Russia
other post-Soviet states. The ruble has seen several incarnations and redenominations during its history, the latest of which is the introduction in 1998
Russian_ruble
Economics in Venezuela starting in 2013
scheduled for August 20, 2018. Maduro has announced that after the currency redenomination has carried out on 20 August 2018, these old denominations with a face
Economic policy of the Nicolás Maduro administration
Economic_policy_of_the_Nicolás_Maduro_administration
Name for a coin or unit of currency
100 to 1, with new banknotes of 20 and 50 new shilin prepared for the redenomination. Following the breakdown in central authority that accompanied the civil
Shilling
rationing system was discontinued. The reform was a combination of redenomination and confiscation, the latter depending on the amount exchanged and whether
Monetary reform in the Soviet Union, 1947
Monetary_reform_in_the_Soviet_Union,_1947
Official currency of Zambia
kwacha was introduced. The value of Zambian currency dropped following redenomination; the exchange rate was 22 kwacha to one U.S. dollar in April 2021. After
Zambian_kwacha
nondenominational, noun, postnominal, praenomen, prenominal, pronominal, pronoun, redenomination, renominate, renown, surnominal, trinomen, trinominal non- not Latin
List of Greek and Latin roots in English/H–O
List_of_Greek_and_Latin_roots_in_English/H–O
Period of extreme inflation in Germany during 1921–1923
systematically: exponential increases in prices and interest rates, redenomination of the currency, consumer flight from cash to hard assets and the rapid
Hyperinflation in the Weimar Republic
Hyperinflation_in_the_Weimar_Republic
Process by which the money supply of an economic region is increased
variety of reasons, including loss of value over time due to inflation, redenomination of its face value due to hyperinflation, or its replacement as legal
Money_creation
Dutch economist and central banker (born 1967)
monetary union, repair monetary policy transmission channels and erase redenomination risks. He accepted then, and expressed publicly after, the need for
Klaas_Knot
From the Rodrigazo in 1975, inflation accelerated sharply, leading to several redenominations of the Argentine currency.
Economic_history_of_Argentina
nondenominational, noun, postnominal, praenomen, prenominal, pronominal, pronoun, redenomination, renown, surnominal, trinomen, trinominal nonageni nonagen- ninety each
List of Latin words with English derivatives
List_of_Latin_words_with_English_derivatives
Brazilian currency from 1942 to 1967
abandonment of the gold standard in 1933, the plan was aborted. The redenomination eventually took place in 1942, but with the cruzeiro being worth Rs 1$000
Brazilian cruzeiro (1942–1967)
Brazilian_cruzeiro_(1942–1967)
with effect from 1 August 2008. ZWD10billion became 1 dollar after the redenomination. More banknotes were issued since Gono vowed to continue printing money:
Economy_of_Zimbabwe
Currency of Bulgaria from 1880 to 2025
denominations each depict workers at various trades. In 1962, another redenomination took place at the rate of 10 to 1, setting the exchange rate at 1.17
Bulgarian_lev
Brazilian currency from 1967 to 1986
not very well accepted by the population. Considering the currency redenominations by France and Chile in 1960, which would later launch the new franc
Brazilian cruzeiro (1967–1986)
Brazilian_cruzeiro_(1967–1986)
Currency of Somalia
100 to 1, with new banknotes of 20 and 50 new shilin prepared for the redenomination. Printed in Sudan in 2010 never issued. Initially, the coins in circulation
Somali_shilling
Money of Venezuela
and they disappeared from the country's economy, after the currency redenomination of August 2018 and due to the hyperinflation that currently affects
Twelve-and-a-half céntimo coin
Twelve-and-a-half_céntimo_coin
Study and collection of paper currency
currency to an integral power of 10. This is not to be confused with Redenomination. Denomination Face value or amount a coin or note is worth. District
Notaphily
Government of the Soviet Union
the second monetary reform in Soviet history, characterized by the redenomination of Soviet currency. Simultaneously, the reform dismantled rationing
Stalin's_second_government
Rapid transit system in Moscow
value to one-tenth but most prices stayed the same 1961-01-01 5 kopecks redenomination; turnstiles accepted 5 kopek coins 1991-04-02 15 kopecks Turnstiles
Moscow_Metro
Banknotes made from synthetic polymer
original on 23 November 2020. Retrieved 6 October 2020. "Romania does Redenomination". BNR. Archived from the original on 7 October 2021. Retrieved 12 December
Polymer_banknote
As a result of inflation in the early 1990s, the currency underwent redenomination. Thus, on 1 January 1995, 10 000 old złotych (PLZ) became one new złoty
Commemorative_coins_of_Poland
Decade of the Gregorian calendar (1910–1919)
hyperinflation due to economic disarray and war. By 1924, three currency redenominations occurred, culminating in the introduction of the "gold ruble," stabilizing
1910s
rupiah by truncating the last three zero digits (dividing by 1000). The redenomination is meant to simplify daily transactions, which often run into millions
History of the Indonesian rupiah
History_of_the_Indonesian_rupiah
Period of Soviet history, 1950s-60s
Khrushchev stopped short of real monetary reform, and made a simple redenomination of the rouble at 10:1 in 1961. In 1961, Khrushchev finalized his battle
Khrushchev_thaw
1940s period of hyperinflation
the drachma. In November, Waley would develop a plan based upon the redenomination of the hyperinflated drachma at a ratio of 50,000,000,000 old drachmai
Hyperinflation_in_Greece
nondenominational, noun, postnominal, praenomen, prenominal, pronominal, pronoun, redenomination, renominate, renown, surnominal, trinomen, trinominal non- not Latin
List of Greek and Latin roots in English/N
List_of_Greek_and_Latin_roots_in_English/N
Removal of low-denomination coins from production or circulation
15 December 2001 23 February 2004 31 December 2005 No Following the redenomination that took effect on 1 January 2005, 1,000,000 old lira was replaced
Withdrawal of low-denomination coins
Withdrawal_of_low-denomination_coins
Suburb of Kumasi, Ghana
Mintah, Emmanuel (2014-06-23). "The Benefits and Challenges of Ghana's Redenomination Exercise to Market Women - A Case Study of Adum, Kejetia and Central
Adum
Period of accelerated inflation
early Soviet hyperinflationary period was marked by three successive redenominations of its currency, in which "new rubles" replaced old at the rates of
Hyperinflation in early Soviet Russia
Hyperinflation_in_early_Soviet_Russia
Vice-President of Ghana from 2017 to 2025
Was part of the team that designed and implemented the successful redenomination of the cedi. Through this process, the cedi was considerably strengthened
Mahamudu_Bawumia
won faced some devaluation, caused by the subsequent devaluation and redenomination of the Soviet ruble. From 1978 to 2001, the North Korean government
Korean_currency
Polish game show
one hundred thousand Polish zlotys (title one billion zlotys after redenomination in 1995). Later rules were changing – winner take part in next stage
Miliard_w_rozumie
Highway in Catalonia, Spain
tunnels through the Garraf Massif, was previously named A-16 before the redenomination. It is a partially tolled autopista which runs parallel to the southern
C-32_highway_(Spain)
Berdimuhamedow unified the country's dual currency exchange rate, ordered the redenomination of the manat, reduced state subsidies for gasoline, and initiated development
Economy_of_Turkmenistan
Presidential palace in West Java, Indonesia
making decision to change Indonesian money value from 1,000 to Rp 1.00 (Redenomination) during economic administration position held by Finance Minister Frans
Cipanas_Palace
Economic Affairs on the provisions of the draft Companies Act concerning redenomination resulting from the introduction of the euro (CON/2005/57)" (PDF). European
Language_and_the_euro
Program of the European Central Bank
ECB, Benoît Cœuré, described it OMTs are an insurance device against redenomination risk, in the sense of reducing the probability attached to worst-case
Outright Monetary Transactions
Outright_Monetary_Transactions
List of terms in study of paper currency
currency to an integral power of 10. This is not to be confused with Redenomination. Denomination Face value or amount a coin or note is worth. District
Glossary_of_notaphily
Football stadium in Pyongyang, North Korea
Planning Commission on March 12, 2010 following the unpopular currency redenomination of the previous year. Eyewitness accounts suggest that these executions
Sosan_Stadium
Second largest economics prize in the world
Different timetables and approaches to transition (e.g. "surprise" redenomination versus signalled transitions) How best to manage legal and institutional
Wolfson_Economics_Prize
for the third issue was caused by a 1,000-fold of the Russian rouble redenomination followed by withdrawal of the second definitive issue in 1998. The third
Definitive_stamps_of_Russia
Venezuelan state-owned mint
Central Bank of Venezuela coordinated through the Mint multiple banknote redenominations, including the 2018 introduction of the bolívar soberano (which removed
Venezuelan_Mint
Economic measures implemented by Nicolás Maduro
deposited at banks. President Maduro also announced that after the currency redenomination has carried out on 20 August 2018, old denominations with a face value
Viernes_Rojo
REDENOMINATION
REDENOMINATION
REDENOMINATION
REDENOMINATION
Boy/Male
Tamil
Girl/Female
Tamil
Leader
Girl/Female
Welsh
My fine, rare one.
Girl/Female
Tamil
Amrapali | ஆமà¯à®°à®ªà®¾à®²à¯€
Famous courtesan who became a devotee of Buddha
Girl/Female
Arabic, Muslim, Sindhi
Narrator of Hadith
Boy/Male
Tamil
Snehraj | ஸà¯à®¨à¯‡à®¹à¯à®°à®¾à®œ
Girl/Female
Indian, Sanskrit
A Beautiful Friend
Boy/Male
German
Resolute; Famous
Boy/Male
Indian, Traditional
Wonderful
Girl/Female
Arabic, French, German, Indian, Muslim, Tamil, Turkish
The Prophet Mohammad's Daughter; Daughter of Muhammad; Abstainer; Form of Fatima
REDENOMINATION
REDENOMINATION
REDENOMINATION
REDENOMINATION
REDENOMINATION