Remonetisation: Difference between revisions

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Remonetisation is the restoration of some commodity such as silver or coins or bank notes that are not momney as money. It is the reverse of demonetisation.

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+'''Remonetisation''' is the restoration of some commodity such as silver or coins or bank notes that are not momney as money. It is the reverse of [[demonetisation]].
-'''Remonetisation''' is the process whereby a currency suffering from inflation which adds excessive zeros to even the smallest banknote, has several of those zeros lopped off or shed, restoring the currency to a more normal range of values.  Inflation renders small coins valueless if not useless, but remonetisation brings them back into circulation. {{Fact|date=June 2008}}
-== Examples ==
-* {{flagicon|France}} - France. In January [[1960]] the [[French franc#The_new_franc|French franc was revalued at 100 existing francs]]. The old franc became one new centime.
-* {{flagicon|Ghana}} - Ghana - [[July 3]], [[2007]] - 10,000 old [[Ghanaian cedi‎]] became 1 new cedi. <ref> [[New African]] July 2007 p33 </ref>
-* {{flagicon|Zimbabwe}} - [[Zimbabwe dollar]]
-* {{flagicon|Italy}} - Italy - the [[Italian Lira|lira]] ought to have been remonetised for many years, but this was too difficult political.  The change came with the introduction of the [[Euro]].
-* {{flagicon|Russia}} - Russia - 2000 - 1,000 old [[Russian Rouble|Rouble]] = 1 new Rouble.
-* {{flagicon|Belarus}} - Belarus - 2000 - 1,000 old [[Belarusian ruble‎|Rouble]] = 1 new Rouble
-* {{flagicon|Turkey}} - Turkey. On [[1 January]], [[2005]], the [[New Turkish Lira|Yeni Türk Lirası]] (YTL), was introduced. The new lira was worth 1,000,000 old lira.
 == See also ==