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Remonetisation

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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.

Examples

  • Ghana - Ghana - July 3, 2007 - 10,000 old cedi became 1 new cedi.
  • Zimbabwe -


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