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The process of revaluing a currency.
Example, the Bulgarian lev was re-denominated, so a new lev was issued, changing the value of the "new" lev to 100 of the old notes.
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What is redenomination of currency?
mi mi mi
How currency get value?
Governments issue currency, and if you trust the government, you will trust its currency.
What currency is used in which country?
The Azerbaijani New Manat is the currency of Azerbaijan The Yen is the currency of Japan The NZ dollar is the currency of New Zealand The pound Sterling is the currency of the United kingdom The Malaysian ringgit is the currency of Malasia The Chilean peso is the currency used in Chile etc
Describe what it means for one currency to be rising against another currency?
one countries currency is worth another countries currency.
What is eskimo currency called?
They don't have a currency.
What is redenomination of currency?
mi mi mi
What type of currency exists in Poland?
The Polish cinternational currency is known as the Zloty or "golden". At this time, it is worth about $.33 on the American dollar. It breaks down to 100 groszy. The currency underwent redenomination in the 1990's as a result of soaring inflation.
When will the Iraqi revalue?
First, it must be clarified what the difference is between redenomination and revaluation. Redenomination simply means that X Old Currency becomes Y New Currency. For example, Turkey revalued the Turkish Lira some time ago where 1,000,000 Old Turkish Lira became 1 New Turkish Lira. This just meant that if a loaf of bread previously cost 1.3 million Old Turkish Lira, it now costs 1.30 New Turkish Lira. You have no more money than you did before. Revaluation is when a country gains a much stronger economy which buoys up the value of the currency. For example, imagine that a load of bread costs $3.00, then the currency is revalued, now the bread will cost $2.00, with the same bills that you had from before. This makes everything cheaper and therefore, your money is worth more.As concerns redenomination, there is no official date posted by the Iraqi Government. The government hints that it will get to it eventually, but consistently delays this. The Iraqi Government has NOT ever claimed that revaluation is even a possibility. Most economic analysts hold that the claim that Iraqi Dinars will be revalued is fraudulent and is an attempt to lure gullible people away from their money.Read more about the scam at this website.If you mean when it will revalue at a higher rate, then probably never. "The bottom line is that Iraq does not want an appreciating currency because it would not do the country any good. Iraq wants economic growth, not currency growth." -John Jagerson - Investor Place
You have 47400 in old polish zlotych in bills as big as a 20000 are they still worth anything?
From wikipedia: As a result of inflation in the early 1990s, the currency underwent redenomination. Thus, on January 1, 1995, 10,000 old złotych (PLZ) became one new złoty (PLN). Therefore you have 4.74 new Polish Zlotych at current exchange rate: 11 DEC 2012 1 PLN= 0.319 US 4.74*0.319=$1.51 US dollars
Can you find me a 10 countries in Europe and their currency?
France, currency: Euro.Italy, currency: Euro.Spain, currency: EuroSweden, currency: KronaGermany, currency: EuroPoland, currency: ZlotyUnited Kingdom, currency: SterlingLuxembourg, capital: currency: EuroAlbania, capital: currency: LekRomania, capital: currency:Leu
Can the Euro be used in Russia?
The euro is the currency of Italy.The euro is the currency of Italy.The euro is the currency of Italy.The euro is the currency of Italy.The euro is the currency of Italy.The euro is the currency of Italy.The euro is the currency of Italy.The euro is the currency of Italy.The euro is the currency of Italy.The euro is the currency of Italy.The euro is the currency of Italy.
What is currency for Casablanca?
what is the currency in casablanca what is the currency in casablanca
What is currency acceptable?
dollar currency using as a global currency
What is the currency and currency symbols of Kuwait?
Currency is Kuwaiti Dinar.Symbol for it KWD.
What currency is accepted worldwide?
dollar currency using as a global currency
What is the currency of Austria?
The currency of Austria is the Euro (€).
Is Brazil's currency the same as the us currency?
NoThe currency of Brazil is the Brazilian Real.The currency of the USA is the US dollar.Most countries in the world have their own currency.
