Redenomination
Definition, Meaning & Examples
Part of speech noun
Quick meaning: Redenomination is a noun meaning The process of redenominating.
Meaning
The process of redenominating.
More Meanings
- (economics, finance) The recalibration of the face value of a currency, most frequently by multiplying that value by a power of 10, sometimes followed by the demonetization of any cash issued with the original face value.
Example Sentences
After the redenomination, the new peso was worth 100 old pesos.
Word Forms
- redenominations
Related Words
Related dictionary entries include refederation, rechristianization, renodulation, redelineation, rebadging, recategorization.
Related Dictionary Tools
Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
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