Process of recalibrating a currency in response to major changes in inflation and currency devaluation. The term is also used to describe a change in the way a security is denominated. For example, with the introduction of the euro, many European stocks were redenominated using the new currency.
Related information about redenomination:
- Redenomination - Wikipedia, the free encyclopedia
Redenomination is the process of changing the face value of banknotes or coins used in circulating currency. When redenomination occurs, financial data that ...
- Redenomination Definition | Investopedia
1. The process whereby a country's currency is recalibrated due to significant inflation and currency devaluation. Certain currencies have been redenominated a ...
- Redenomination | Iraq Business News
Nov 16, 2012 ... By John Lee. Reuters reports that “thousands” of people are still speculating on a huge upward revaluation of the Iraqi dinar, which it describes ...
- Currency redenomination idea - University of North Carolina at ...
Currency redenomination also can be a means by which governments attempt ... In some cases, the timing is correct, in that redenomination caps off high levels ...
- Redenomination - Financial Dictionary - The Free Dictionary
A reduction in the face value of a currency that a government or central bank makes because of hyperinflation or chronic weakness as a currency. For example ...
- Redenomination Contingency Planning – Impacts And - Ernst & Young
the Euro by a member state and the resulting redenomination of currency. ... of an emergency redenomination that would leave far less time for preparation and ...
- The legal aspects and abstractions of a euro redenomination | FT ...
Nov 21, 2011 ... And so it came to pass, that everyone who worried about whether the euros which people owed them would stay euros for much longer...
- Iraq Planning Currency Redenomination
Feb 6, 2010 ... The Iraqi Central Bank is planning to redenominate the national currency in an effort to ease transactions and allow people to carry less paper ...