WorldAugust 31, 2026

redenominations

ree-dee-nom-ih-NAY-shunz

Definition

The official act of changing the face value of a currency, often done by removing zeros to create a new unit of money, usually in response to severe inflation.

Etymology

Derived from the Latin 're-' (again) and 'denominare' (to name), it originally referred to changing the name or classification of something; in economics, it specifically refers to altering the numerical value of currency units.

In the news

The article uses this term to describe how the Venezuelan government repeatedly adjusted its currency to cope with hyperinflation, which eroded the value of the bolívar.

RINJ Foundation Upgrades facilities in Venezuela as follow-up to health and human services review for Eart ...

Read the full article ↗

Feminine-Perspective Magazine

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