Definition, causes and factors, goals and procedure, positive and negative consequences. Examples of redenomination and their impact on the rate
Reasons and examples of currency redenomination
History knows many examples of redenomination, most of which occured in the post-war period or in developing and underdeveloped countries. Redenomination is an auxiliary tool that accompanies a decrease in the money supply and eliminates the effects of hyperinflation. But in itself, it is more of a threat – in panic, the population will buy up hard assets or foreign currencies, thus further exacerbating the situation. In this review you will find out what…
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