redenomination
nounEtymology From re- + denomination.
1
The process of redenominating.
2
Business, Economics, Finance, Sciences 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.
- After the redenomination, the new peso was worth 100 old pesos.