View source for Redenomination

{{Short description|Process of changing the face value of a currency unit}}
{{multiple issues|
{{lead too short|date=October 2012}}
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In [[monetary economics]], '''redenomination''' is the process of changing the face value of [[banknote]]s and [[coin]]s in [[Currency in circulation|circulation]]. It may be done because [[inflation]] has made the [[currency]] unit so small that only large [[Denomination (currency)|denominations]] of the currency are in circulation. In such cases the name of the currency may change or the original name may be used with a temporary qualifier such as "new". Redenomination may be done for other reasons such as changing over to a new currency such as the [[Euro]] or during [[decimalisation]]. 

Redenomination itself is considered symbolic as it does not have any impact on a country's [[exchange rate]] in relation to other currencies. It may, however, have a psychological impact on the population by suggesting that a period of [[hyperinflation]] is over, and is not a reminder of how much inflation has impacted them. The reduction in the number of zeros also improves the image of the country abroad.

Inflation over time is the main cause for the [[purchasing power]] of the monetary unit decreasing; but there are a variety of political reasons for the government not reining in inflation or for not redenominating the currency when its value has depreciated significantly. There are some economic and social benefits of redenominating, including improved efficiency in processing routine transactions. Redenomination typically involves the substitution of new banknotes in place of the old ones, which usually cease being [[legal tender]] after the end of a short transition period.

==Inflation==
In general, redenomination is implemented in response to [[hyperinflation]], which progressively increases the nominal prices of products and services, decreasing the [[Real versus nominal value (economics)|real value]] of the monetary unit in the local market. Over time, prices become excessively large, which can impede routine transactions because of the risk and inconvenience of carrying stacks of bills, or the strain on systems, e.g. automatic teller machines (ATMs), or because human [[psychology]] does not handle large numbers well. Authorities may alleviate this problem by redenomination: introducing a new unit that replaces the old unit, with a fixed number of old units being converted to 1 new unit. If inflation is the reason for redenomination, this ratio is much larger than 1, usually a positive integral [[Exponentiation|power]] of 10 like 100, 1000 or 1 million, and the procedure can be referred to as "cutting zeroes".<ref>{{cite web |url=https://translate.google.com/translate?sl=ro&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.zf.ro%2Fprima-pagina%2Fe-hotarat-in-2005-vorbim-de-1-leu-in-loc-de-10-000-lei-2965557%2F&edit-text=&authuser=0 |title=It's decided: 2005 talk instead of 1 Leu RON 10,000; Ziarul Financiar |publisher=Zf.ro |date=2004-01-29 |accessdate=2016-12-05 |archive-date=2019-12-16 |archive-url=https://web.archive.org/web/20191216195340/https://translate.google.com/translate?sl=ro&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.zf.ro%2Fprima-pagina%2Fe-hotarat-in-2005-vorbim-de-1-leu-in-loc-de-10-000-lei-2965557%2F&edit-text=&authuser=0 |url-status=live }}</ref>  Recent examples of redenominations include:
{{table alignment}}
{| class="wikitable col3right"
|-
! New unit !! = !! × !! Old unit !! Year
|-
| [[Argentine peso (1983–1985)|Argentine peso]] (ARP)
| =
| 10&nbsp;000
| [[Argentine peso ley]] (ARY)
| 1983
|-
| [[Argentine austral]] (ARA)
| =
| 1&nbsp;000
| [[Argentine peso (1983–1985)|Argentine peso]] (ARP)
| 1985
|-
| [[Argentine peso]] (ARS)
| =
| 10&nbsp;000
| [[Argentine austral]] (ARA)
| 1992
|-
| [[Polish złoty|New Polish złoty]] (PLN)
| =
| 10&nbsp;000
| old Polish złoty (PLZ)
| 1995
|-
| New [[Mozambican metical]] (MZN)
| =
| 1&nbsp;000
| old metical (MZM)
| 2006
|-
| Second Zimbabwean dollar (ZWN)
| =
| 1&nbsp;000
| first dollar (ZWD)
| 2006
|-
| Third Zimbabwean dollar (ZWR)
| =
| 10&nbsp;000&nbsp;000&nbsp;000
| second dollar (ZWN)
| 2008
|-
| Fourth [[Zimbabwean dollar]] (ZWL)
| =
| 1&nbsp;000&nbsp;000&nbsp;000&nbsp;000
| third dollar (ZWR)
| 2009
|-
|colspan=5|<small>This table is not exhaustive.</small>
|}

Although the ratio is often a positive integral power of 10 (i.e., removing some zeros), sometimes it can be ''a''{{e|''n''}} where ''a'' is a single-digit integer and ''n'' is a positive integer. Partial examples include:
{| class="wikitable col3right"
|-
! New unit !! = !! × !! Old unit !! Year
|-
| [[German Rentenmark]]
| =
| 1&nbsp;000 billion
| [[Papiermark]]
| 1923
|-
| [[Chinese gold yuan]]
| =
| 3 million
| [[:zh:法幣|old yuan]]
| 1948
|-
| {{ill|Chinese silver yuan|zh|銀圓券}}
| =
| 500 million
| [[Chinese gold yuan]]
| 1949
|-
| [[New Taiwan dollar]]
| =
| 40&nbsp;000
| [[Old Taiwan dollar|old dollar]]
| 1949
|-
| [[Azerbaijani manat|Azerbaijani new manat]]
| =
| 5&nbsp;000
| old manat
| 2006
|-
|colspan=5|<small>This table is not exhaustive.</small>
|}

Occasionally, the ratio is defined in a way such that the new unit is equal to a [[hard currency]]. As a result, the ratio may not be based on an integer. Examples include:
{| class="wikitable col3right"
|-
! New unit !! = !! × !! Old unit !! = !! Anchor currency !! year
|-
| [[Brazilian real]]
| =
| 2&nbsp;750
| [[Brazilian cruzeiro real|cruzeiros reais]]
| =
| [[United States dollar]]
| 1 July 1994
|-
| [[Yugoslav dinar|Yugoslav novi dinar]]
| =
| 10~13 million
| 1994 dinara
| =
| [[Deutsche Mark]]
| 24 January 1994
|-
| [[Polish złoty#Second złoty|2nd Polish złoty]]
| =
| 1.8 million
| [[Polish marka]]
| =
| [[Swiss franc]]
| 1 April 1924
|-
|colspan=7|<small>This table is not exhaustive.</small>
|}

In the case of [[hyperinflation]], the ratio can go as high as millions or [[1000000000 (number)|billions]], to a point where [[scientific notation]] is used for clarity or [[long and short scales]] are mentioned to disambiguate which kind of billion or trillion is meant.

In the case of [[chronic inflation]] which is expected to continue, the authorities have a choice between a large redenomination ratio and a small redenomination ratio. If a small ratio is used, another redenomination may soon be required, which will entail costs in the financial, accounting, and computing industries. However a large ratio may result in inconveniently large or small prices at some point in the cycle.

After a redenomination, the new unit often has the same name as the old unit, with the addition of the word ''new''. The word ''new'' may or may not be dropped a few years after the change. Sometimes the new unit is a completely new name, or a "recycled" name from previous redenomination or from ancient times.{{Citation needed|date=March 2016}}

{| class="wikitable col3right"
|-
! New unit !! = !! × !! Old unit !! year !! Nature of the new unit
|-
| [[Turkish new lira]]
| =
| 1 million
| [[Turkish lira|old lira]]
| 2005
| "new" is an official designation and was dropped in 2009.
|-
| [[New Taiwan dollar]]
| =
| 40&nbsp;000
| [[Old Taiwan dollar|old dollars]]
| 1949
| "new" is an official designation and is still used in official documents today.
|-
| [[Argentine austral]]
| =
| 1&nbsp;000
| [[Peso argentino]]
| 1985
| completely new name
|-
| [[Yugoslav dinar|Yugoslav 1993 dinar]]
| =
| 1 million
| 1992 dinara
| 1993
| no official designation
|-
| [[Brazilian real]]
| =
| 2&nbsp;750
| [[Brazilian cruzeiro real|cruzeiros reais]]
| 1994
| recycled unit of Brazil before 1942
|-
|colspan=6|<small>This table is not exhaustive.</small>
|}

==Decimalisation==
{{main|Decimalisation}}
All countries that previously had currencies based on pounds-shillings-pence ([[£sd]]) system (£1 = 20 [[shilling]]s = 240 [[penny|pence]]) have now adopted decimal currencies (currencies related by [[power of 10|powers of 10]]), with several changing the name of the main currency unit at the same time. As of 2020, only two currencies are non-decimal, being the [[Mauritanian ouguiya]] and [[Malagasy ariary]], with one of each divided into five subdivisory units.

==Currency union==
{{main|Currency union}}
When countries form a currency union, redenomination may be required. The conversion ratio is often not a round number, and may be less than 1.

{| class="wikitable"
|-
! New unit !! = !! x !! Old unit !! year !! Monetary union
|-
| [[Danish krone]]
| =
| 0.5
| [[Danish rigsdaler]]
| 1873
| [[Scandinavian Monetary Union]]
|-
| [[Gulden österreichischer Währung]]
| =
| 20/21
| [[Gulden Conventions-Münze]]
| 1858
| [[Wiener Münzvertrag]] between the states of the [[Zollverein|German Customs Union]] and the [[Austrian Empire]]
|-
|colspan=6|<small>This table is not exhaustive.</small>
|}

===List of Euro redenominations===
The most notable currency union today is the [[Eurozone]]. In 2002, euros in cash form were introduced.

{| class="wikitable sortable"
|-
! Country
! Old unit
! Exchange rate<br>{{small|(old units per €)}}
! Year
|-
| Belgium
| [[Belgian franc]]
| 40.3399
| 1999
|-
| Luxembourg
| [[Luxembourgish franc]]
| 40.3399
| 1999
|-
| Germany
| [[Deutsche Mark]]
| 1.95583
| 1999
|-
| Andorra, Spain
| [[Spanish peseta]]
| 166.386
| 1999
|-
| Andorra, France, Monaco
| [[French franc]]
| 6.55957
| 1999
|-
| Ireland
| [[Irish pound]]
| 0.787564
| 1999
|-
| Italy, San Marino, Vatican City
| [[Italian lira]]
| 1936.27
| 1999
|-
| Netherlands
| [[Dutch guilder]]
| 2.20371
| 1999
|-
| Austria
| [[Austrian schilling]]
| 13.7603
| 1999
|-
| Portugal
| [[Portuguese escudo]]
| 200.482
| 1999
|-
| Finland
| [[Finnish markka]]
| 5.94573
| 1999
|-
| Greece
| [[Modern drachma|Greek drachma]]
| 340.75
| 2001
|-
| Slovenia
| [[Slovenian tolar]]
| 239.64
| 2007
|-
| Cyprus
| [[Cypriot pound]]
| 0.585274
| 2008
|-
| Malta
| [[Maltese lira]]
| 0.4293
| 2008
|-
| Slovakia
| [[Slovak koruna]]
| 30.126
| 2009
|-
| Estonia
| [[Estonian kroon]]
| 15.6466
| 2011
|-
| Latvia
| [[Latvian lats]]
| 0.702804 
| 2014
|-
| Lithuania
| [[Lithuanian litas]]
| 3.4528
| 2015
|-
| Croatia
| [[Croatian kuna]]
| 7.5345
| 2023
|-
|}

==List of currency redenominations==
This table lists various currency redenominations that have occurred, including currency renaming where the conversion rate is 1:1, but excluding decimalisation and joining the Eurozone, already listed on the table above.
<!-- Primary sorting of table is highest Exchange rate, secondary is oldest year. -->
<!-- (The article reader later may temporary alter this by pressing any sorting button of any column) -->

{| class="wikitable sortable"
|-
! New unit
! data-sort-type="currency" | Exchange rate (old:new)
! Old unit
! Year
! Country
! Reason
! class="unsortable" | Note
<!-- force numeric sorting in col 2 with hidden extreme min/max rows -->
<!-- also, Hs is used for hidden keys, ! is used to delimit key from text -->
|-
| [[Hungarian forint]]
| {{right|{{ratio|{{val|4|e=29}}|1}}}}
| [[Hungarian pengő]]
| 1946
| [[Hungary]]
| Hyperinflation
| This is a theoretical conversion rate, using {{val|2|e=21}} pengő = 1 adópengő. The total value of all circulating pengő notes was less than {{frac|1000}} of a forint or {{frac|10}} of a fillér.
|-
| [[German Rentenmark|Rentenmark]]
| {{right|{{ratio|{{val|1|e=12}}|1}}}} <!--1923 Papiermark to Retenmark was 1 trillion to 1, was showing 1 billion to 1-->
| [[German Papiermark|Papiermark]]
| 1923
| [[Weimar Republic|Germany]]
| Hyperinflation
| 
|-
| [[Zimbabwean dollar#Third re-denomination (ZWL)|Zimbabwean dollar]] (4th)
| {{right|{{ratio|{{val|1|e=12}}|1}}}}
| [[Zimbabwean dollar#Second re-denomination (ZWR)|Zimbabwean dollar]] (3rd)
| 2009
| [[Zimbabwe]]
| Hyperinflation
| Subsequently abandoned and replaced with [[Zimbabwean bond notes]] and the [[RTGS Dollar|Zimdollar]] in February 2019 after a period of time in which numerous foreign currencies were used
|-
| [[Modern drachma|Greek drachma]] (2nd)
| {{right|{{ratio|50,000,000,000}}}}
| [[Modern drachma|Greek drachma]] (1st)
| 1944
| [[Greece]]
| Hyperinflation
|
|-
| [[Zimbabwean dollar#Second re-denomination (ZWR)|Zimbabwean dollar]] (3rd)
| {{right|{{ratio|10,000,000,000}}}}
| [[Zimbabwean dollar#First re-denomination (ZWN)|Zimbabwean dollar]] (2nd)
| 2008
| Zimbabwe
| Hyperinflation
| 
|-
| [[Yugoslav dinar#1994 dinar|Yugoslav 1994 dinar]]
| {{right|{{ratio|1,000,000,000}}}}
| 1993 dinara
| 1994
| [[Yugoslavia]]
| Hyperinflation
| Lasted for 23 days.
|-
| 3rd [[Krajina dinar]]
| {{right|{{ratio|1,000,000,000}}}}
| 2nd [[Krajina dinar]]
| 1994
| [[Republic of Serbian Krajina]]
| Hyperinflation
| 
|-
| Chinese "silver" yuan
| {{right|{{ratio|500,000,000}}}}
| "gold" yuan
| 1949
| [[Taiwan|China (Republic of China)]]
| Hyperinflation
| 
|-
| [[Hungarian forint]]
| {{right|{{ratio|200,000,000}}}}
| [[Hungarian adópengő]]
| 1946
| Hungary
| Hyperinflation
| 
|-
| [[Yugoslav dinar|Yugoslav novi dinar]]
| {{right|{{ratio|13,000,000}}}}
| 1994 dinara
| 1994
| Yugoslavia
| Hyperinflation
| Anchor currency: [[Deutsche Mark]]
|-
| [[Nicaraguan córdoba]] (oro, 3rd)
| {{right|{{ratio|5,000,000}}}}
| [[Nicaraguan córdoba]] (2nd)
| 1991
| Nicaragua
| Inflation 
|
|-
| [[Chinese yuan|Chinese "gold" yuan]]
| {{right|{{ratio|3,000,000}}}}
| (old) yuan
| 1948
| China (Republic of China)
| Inflation
|
|-
| [[Zairean zaire#New zaïre, 1993-1998|Nouveau zaïre]]
| {{right|{{ratio|3,000,000}}}}
| [[Zairean zaire|First Zaïre]]
| 1993
| Democratic Republic of the Congo
| Inflation
| 
|-
| [[Polish złoty]] [[Polish złoty#Second złoty|(2nd)]]
| {{right|{{ratio|1,800,000}}}}
| [[Polish marka]]
| 1924
| [[Second Polish Republic|Poland]]
| Hyperinflation
| Anchor currencies: [[Swiss franc]] (equal in value, but not pegged) and [[United States dollar]] (pegged $1 = 5.18 zł)<br>To limit production costs of coins, only banknotes were printed until November 1924. To further limit such costs, 500,000-mark and 10,000,000-mark notes were cut in two and overprinted ''1 GROSZ'' and ''5 GROSZY'' in red.
|-
| [[Bolivian boliviano|Boliviano]]
| {{right|{{ratio|1,000,000}}}}
| [[Bolivian peso|Peso boliviano]]
| 1985
| Bolivia
| Inflation
| 
|-
| [[Peruvian nuevo sol]]
| {{right|{{ratio|1,000,000}}}}
| [[Peruvian inti]]
| 1991
| Peru
| Hyperinflation
| The "nuevo" designation lasted until 2015.
|-
| [[Yugoslav dinar#October–December 1993 dinar|Yugoslav 1993 dinar]]
| {{right|{{ratio|1,000,000}}}}
| 1992 dinara
| 1993
| Yugoslavia
| Hyperinflation
| no official designation
|-
| 2nd [[Krajina dinar]]
| {{right|{{ratio|1,000,000}}}}
| 1st [[Krajina dinar]]
| 1993
| [[Republic of Serbian Krajina]]
| Hyperinflation
| 
|-
| [[Georgian lari]]
| {{right|{{ratio|1,000,000}}}}
| [[Georgian kuponi]]
| 1995
| Georgia
| Hyperinflation
|
|-
| Second [[Angolan kwanza|Kwanza]]
| {{right|{{ratio|1,000,000}}}}
| [[Angolan kwanza#Kwanza reajustado, AOR, 1995-1999|Kwanza reajustado]]
| 1999
| Angola
| Inflation
| 
|-
| [[Transnistrian ruble]] [[Transnistrian ruble#Third ruble (2000–present)|(3rd)]]
| {{right|{{ratio|1,000,000}}}}
| Transnistrian ruble [[Transnistrian ruble#Third ruble (1994-2000)|(2nd)]]
| 2001
| [[Transnistria]]
| Hyperinflation
| 
|-
| [[Turkish new lira]]
| {{right|{{ratio|1,000,000}}}}
| [[Turkish lira]]
| 2005
| Turkey
| Inflation
| The "new" designation lasted until 2009.
|-
| [[Venezuelan bolívar]] (4th)
| {{right|{{ratio|1,000,000}}}}
| [[Venezuelan bolívar]] (3rd)
| 2021
| Venezuela
| Hyperinflation
|
|-
| [[Ukrainian hryvnia|Hryvnia]]
| {{right|{{ratio|100,000}}}}
| [[Ukrainian karbovanets#Third karbovanets (1992–1996)|3rd]] [[Ukrainian karbovanets]]
| 1996
| Ukraine
| Inflation
| 
|-
| Second [[Congolese franc]]
| {{right|{{ratio|100,000}}}}
| [[Zairean zaire#New zaïre, 1993-1998|Nouveau zaïre]]
| 1998
| Democratic Republic of the Congo
| Inflation
| 
|-
| [[Venezuelan bolívar|Bolívar Soberano]]
| {{right|{{ratio|100,000}}}}
| [[Bolivar Fuerte]]
| 2018
| Venezuela
| Hyperinflation
|
|-
| [[Soviet ruble#Fourth (gold) Soviet ruble, March 7, 1924 – 1947|4th Soviet ruble]]
| {{right|{{ratio|50,000}}}}
| [[Soviet ruble#Third Soviet ruble, January 1, 1923 – March 6, 1924|3rd Soviet ruble]]
| 1924
| Soviet Union
| [[Hyperinflation in early Soviet Russia|Hyperinflation]]
| To stop hyperinflation, the new currency was [[gold standard|backed by gold]].
|-
| [[New Taiwan dollar]]
| {{right|{{ratio|40,000}}}}
| [[Old Taiwan dollar|Taiwan dollars]]
| 1949
| Taiwan (Republic of China)
| Inflation
| "new" is an official designation and is still used in official documents
|-
| [[United States dollar]]
| {{right|{{ratio|25,000}}}}
| [[Ecuadorian sucre|Sucre]]
| 2000
| Ecuador
| Inflation
| Full [[dollarization]] for banknotes. Ecuador also issues [[Ecuadorian centavo coins|centavo coins]].
|-
| [[Hungarian pengő]]
| {{right|{{ratio|12,500}}}}
| [[Hungarian korona]]
| 1927
| Hungary
| Inflation
| 
|-
| [[Soviet ruble#Second Soviet ruble, January 1 – December 31, 1922|2nd Soviet ruble]]
| {{right|{{ratio|10,000}}}}
| [[Soviet ruble#First Soviet ruble|1st Soviet ruble]]
| 1922
| Soviet Union
| [[Hyperinflation in early Soviet Russia|Hyperinflation]]
| A superunit, called a [[chervonets]] ({{lang|ru|червонец}}) was also introduced that year. It was worth 10 rubles.
|-
| [[Austrian schilling]]
| {{right|{{ratio|10,000}}}}
| [[Austrian krone]]
| 1925
| Austria
| Inflation
| 
|-
| [[Renminbi|Second Renminbi yuan]]
| {{right|{{ratio|10,000}}}}
| First Renminbi yuan
| 1955
| China (People's Republic of China)
| Inflation
|
|-
| [[Peso argentino]]
| {{right|{{ratio|10,000}}}}
| [[Peso ley]]
| 1983
| Argentina
| Inflation
|
|-
| [[Yugoslav dinar#1990–92; Convertible dinar, YUN|Yugoslav 1990 dinar]]
| {{right|{{ratio|10,000}}}}
| 1966 dinara
| 1990
| Yugoslavia
| Inflation
| 
|-
| [[Argentine peso#Peso convertible, since 1992|Peso (convertible)]]
| {{right|{{ratio|10,000}}}}
| [[Argentine austral|Austral]]
| 1992
| Argentina
| Inflation
|
|-
| [[Polish złoty#Fourth złoty|4th]] [[Polish złoty]]
| {{right|{{ratio|10,000}}}}
| [[Polish złoty#Third złoty|3rd]] [[Polish złoty]]
| 1995
| Poland
| Inflation
| For 2 years after the redenomination, the old currency coexisted with the new one, so prices had to be denominated in both currencies.
|-
| [[Romanian leu#Fourth leu (RON): 2005–present|Romanian leu]] (4th)
| {{right|{{ratio|10,000}}}}
| [[Romanian leu#Third leu (ROL): 1952–2005|Romanian leu]] (3rd)
| 2005
| [[Romania]]
| Inflation
|
|-
| New [[Ghanaian cedi]]
| {{right|{{ratio|10,000}}}}
| Cedi
| 2007
| Ghana
| Inflation
|
|-
| Third [[Belarusian ruble]]
| {{right|{{ratio|10,000}}}}
| Second [[Belarusian ruble]]
| 2016
| Belarus
| Inflation
|
|-
| [[United States dollar]]
| {{right|{{ratio|~6,900}}<ref>{{cite web |title=Historical Rates Tables - IDR; 25 October 1999 |url=https://www.xe.com/currencytables/?from=IDR&date=1999-10-25#table-section |website=Xe |access-date=2 May 2021}}</ref>}}
| [[Indonesian rupiah]]
| 1999
| [[United Nations Transitional Administration in East Timor]]
| Start of UN administration
|
|-
| [[Azerbaijani manat|Azerbaijani new manat]]
| {{right|{{ratio|5,000}}}}
| [[Azerbaijani manat#Second manat, 1992–2006|Second Azerbaijani manat]]
| 2006
| Azerbaijan
| Inflation
|
|-
| [[Turkmenistani manat|Turkmenistani new manat]]
| {{right|{{ratio|5,000}}}}
| (old) manat
| 2009
| Turkmenistan
| Inflation
|
|-
| [[Brazilian real|Real]]
| {{right|{{ratio|2,750}}}}
| [[Brazilian cruzeiro real|Cruzeiro real]]
| 1994
| Brazil
| Inflation
| Anchor currency: [[United States dollar]]
|-
| [[Brazilian cruzeiro (1942–1967)|Cruzeiro (antigo)]]
| {{right|{{ratio|1,000}}}}
| [[Brazilian real (old)|Real]] (old)
| 1942
| Brazil
| Inflation
| The cruzeiro was an alternative name for one mil réis.
|-
| [[Modern drachma|Greek drachma]] (3rd)
| {{right|{{ratio|1,000}}}}
| [[Modern drachma|Greek drachma]] (2nd)
| 1954
| Greece
| Inflation
|
|-
| [[Chilean escudo]]
| {{right|{{ratio|1,000}}}}
| [[Chilean peso#First peso, 1817–1960|First Chilean peso]]
| 1960
| Chile
| Inflation
| 
|-
| [[Bolivian peso|Peso boliviano]]
| {{right|{{ratio|1,000}}}}
| First [[Bolivian boliviano|boliviano]]
| 1963
| Bolivia
| Inflation
| 
|-
| [[Banknotes of the rupiah#"New rupiah" (1965-present)|Rupiah (new)]]
| {{right|{{ratio|1,000}}}}
| [[Banknotes of the rupiah#Formation of Bank Indonesia from De Javasche Bank: second Republik Indonesia banknotes (1953-1965)|First rupiah]]
| 1965
| Indonesia
| Monetary unification<ref>{{cite web | url=https://bisnis.tempo.co/read/464855/indonesia-pernah-lakukan-redenominasi-pada-1965 | title=Indonesia Pernah Lakukan Redenominasi pada 1965 | date=4 March 2013 | access-date=31 January 2023 | archive-date=31 January 2023 | archive-url=https://web.archive.org/web/20230131145806/https://bisnis.tempo.co/read/464855/indonesia-pernah-lakukan-redenominasi-pada-1965 | url-status=live }}</ref>
|-
| [[Brazilian cruzeiro novo|Cruzeiro (novo)]]
| {{right|{{ratio|1,000}}}}
| [[Brazilian cruzeiro (1942–1967)|Cruzeiro (antigo)]]
| 1967
| Brazil
| Inflation
| 
|-
| First [[Zairean zaire|zaïre]]
| {{right|{{ratio|1,000}}}}
| [[Congolese franc#First franc, 1887-1967|First congolese franc]]
| 1967
| Democratic Republic of the Congo
| Inflation
| 
|-
| [[Currency of Uruguay#1973–1993 Nuevo peso|Nuevo peso]]
| {{right|{{ratio|1,000}}}}
| [[Currency of Uruguay#1935–1975 Peso moneda nacional|Peso moneda nacional]]
| 1973
| Uruguay
| Inflation
|
|-
| [[Chilean peso]]
| {{right|{{ratio|1,000}}}}
| [[Chilean escudo]]
| 1975
| Chile
| Inflation
| 
|-
| [[Argentine austral]]
| {{right|{{ratio|1,000}}}}
| [[Argentine peso (1983–1985)|Argentine peso]] (1983)
| 1985
| Argentina
| Inflation
| 
|-
| [[Peruvian inti]]
| {{right|{{ratio|1,000}}}}
| [[Peruvian sol (1863–1985)|Peruvian sol]] (1863)
| 1985
| Peru
| Inflation
| 
|-
| [[Brazilian cruzado#Cruzado, 1986-1989|Cruzado]]
| {{right|{{ratio|1,000}}}}
| [[Brazilian cruzeiro novo|Cruzeiro (novo)]]
| 1986
| Brazil
| Inflation
| 
|-
| [[Israeli new shekel|New Shekel]]
| {{right|{{ratio|1,000}}}}
| [[Old Israeli shekel|Shekel]]
| 1986
| [[Israel]]
| Inflation
|
|-
| [[Nicaraguan córdoba]] (2nd)
| {{right|{{ratio|1,000}}}}
| [[Nicaraguan córdoba]] (1st)
| 1988
| Nicaragua
| 
| 
|-
| [[Brazilian cruzado#Cruzado Novo, 1989-1990|Cruzado Novo]]
| {{right|{{ratio|1,000}}}}
| [[Brazilian cruzado#Cruzado, 1986-1989|Cruzado]]
| 1989
| Brazil
| Inflation
| 
|-
| [[Brazilian cruzeiro real|Cruzeiro real]]
| {{right|{{ratio|1,000}}}}
| [[Brazilian cruzeiro (1990–1993)|Cruzeiro (third)]]
| 1993
| Brazil
| Inflation
|
|-
| Nuevo [[Mexican peso|peso mexicano]]
| {{right|{{ratio|1,000}}}}
| [[Mexican peso|Peso mexicano]]
| 1993
| Mexico
| Inflation
| "nuevo" was a temporary designation dropped in 1996
|-
| [[Moldovan leu]]
| {{right|{{ratio|1,000}}}}
| [[Moldovan cupon]]
| 1993
| Moldova
| Inflation
| 
|-
| [[Uruguayan peso|Peso uruguayo]]
| {{right|{{ratio|1,000}}}}
| [[Currency of Uruguay#1973–1993 Nuevo peso|Nuevo peso]]
| 1993
| Uruguay
| Inflation
|
|-
| [[Croatian kuna]]
| {{right|{{ratio|1,000}}}}
| [[Croatian dinar]]
| 1994
| Croatia
|
|
|-
| [[Uzbekistani soum#Second soum|2nd]] [[Uzbekistani soum]]
| {{right|{{ratio|1,000}}}}
| [[Uzbekistani soum#First soum|1st]] [[Uzbekistani soum]]
| 1994
| Uzbekistan
| Inflation
| 
|-
| [[Angolan kwanza#Kwanza reajustado, AOR, 1995-1999|Kwanza reajustado]]
| {{right|{{ratio|1,000}}}}
| [[Angolan kwanza#Novo kwanza, AON, 1990-1995|Novo kwanza]]
| 1995
| Angola
| Inflation
| 
|-
| Second [[Russian ruble]]
| {{right|{{ratio|1,000}}}}
| First [[Russian ruble]]
| 1998
| Russia
| Inflation
|
|-
| [[Bulgarian lev|Bulgarian new lev]]
| {{right|{{ratio|1,000}}}}
| [[Bulgarian lev]]
| 1999
| Bulgaria
| Inflation
| Anchor currency: [[German mark]] 
|-
| [[Tajikistani somoni]]
| {{right|{{ratio|1,000}}}}
| [[Tajikistani ruble]]
| 2000
| Tajikistan
| Inflation
|
|-
| [[Surinamese dollar]]
| {{right|{{ratio|1,000}}}}
| [[Surinamese guilder]]
| 2004
| Suriname
| Inflation
| Old coins denominated in cents were declared to be worth their face value in the new cents.
|-
| New [[Mozambican metical]]
| {{right|{{ratio|1,000}}}}
| (old) meticais
| 2006
| Mozambique
| Inflation
| 
|-
| [[Zimbabwean dollar#First re-denomination (ZWN)|Zimbabwean dollar]] (2nd)
| {{right|{{ratio|1,000}}}}
| [[Zimbabwean dollar#Initial introduction (ZWD)|Zimbabwean dollar]] (1st)
| 2006
| Zimbabwe
| Inflation
| 
|-
| Second [[Sudanese pound]]
| {{right|{{ratio|1,000}}}}
| First [[Sudanese pound]]s
| 2007
| Sudan
| Inflation
| Currency unification (peace treaty)
|-
| [[Bolivar Fuerte]]
| {{right|{{ratio|1,000}}}}
| (old) Bolivar
| 2008
| Venezuela
| Inflation
| 
|-
| [[Zambian kwacha]]
| {{right|{{ratio|1,000}}}}
| (old) Kwacha
| 2013
| Zambia
| Inflation
| 
|-
| [[São Tomé and Príncipe dobra#Redenomination of the dobra|São Tomé and Príncipe dobra]] (2nd)
| {{right|{{ratio|1,000}}}}
| [[São Tomé and Príncipe dobra]] (1st)
| 2018
| São Tomé and Príncipe
| Inflation
| 
|-
| [[Sierra Leonean leone]]
| {{right|{{ratio|1,000}}}}
| (old) Sierra Leonean leone
| 2021 <ref>{{Cite web|url=https://punchng.com/sierra-leone-to-cut-three-zeros-from-currency/|title =Sierra Leone to cut three zeros from currency|date =12 August 2021}}</ref>
| Sierra Leone 
| Inflation
| 
|-
| [[South Vietnamese đồng#Second đồng, 1975 to 1978|Liberation đồng]]
| {{right|{{ratio|500}}}}
| [[South Vietnamese đồng|Đồng]]
| 1975
| [[South Vietnam]]
| Fall of Saigon
| 
|-
| [[Turkmenistani manat]]
| {{right|{{ratio|500}}}}
| [[Soviet ruble#Seventh Soviet ruble, 1991–1993|7th Soviet ruble]]
| 1993
| [[Turkmenistan]]
| Break-up of the Soviet Union
|
|-
| [[Kazakhstani tenge]]
| {{right|{{ratio|500}}}}
| [[Soviet ruble#Seventh Soviet ruble, 1991–1993|7th Soviet ruble]]
| 1993
| [[Kazakhstan]]
| Break-up of the Soviet Union
|
|-
| [[Haitian gourde#Third gourde, 1872-|3rd]] [[Haitian gourde]]
| {{right|{{ratio|300}}}}
| [[Haitian gourde#Second gourde, 1870-1872|2nd]] [[Haitian gourde]]
| 1872
| [[Haiti]]
|
|
|-
| [[Latvian lats#Second lats, 1993–2013|2nd]] [[Latvian lats]]
| {{right|{{ratio|200}}}}
| [[Latvian rouble#Second rouble|2nd]] [[Latvian rouble]]
| 1993
| [[Latvia]]
| Recycling old currency
|
|-
| [[Kyrgyzstani som]]
| {{right|{{ratio|200}}}}
| [[Soviet ruble#Seventh Soviet ruble, 1991–1993|7th Soviet ruble]]
| 1993
| [[Kyrgyzstan]]
| Break-up of the Soviet Union
|
|-
| [[Armenian dram]]
| {{right|{{ratio|200}}}}
| [[Soviet ruble#Seventh Soviet ruble, 1991–1993|7th Soviet ruble]]
| 1993
| [[Armenia]]
| Break-up of the Soviet Union
|
|-
| [[Soviet ruble#Third Soviet ruble, January 1, 1923 – March 6, 1924|3rd Soviet ruble]]
| {{right|{{ratio|100}}}}
| [[Soviet ruble#Second Soviet ruble, January 1 – December 31, 1922|2nd Soviet ruble]]
| 1923
| Soviet Union
| [[Hyperinflation in early Soviet Russia|Hyperinflation]]
| 
|-
| [[Polish złoty#Third złoty|3rd]] [[Polish złoty]]
| {{right|{{ratio|100}}}}
| [[Polish złoty#Second złoty|2nd]] [[Polish złoty]]
| 1949
| Poland
| {{ill|Monetary reform in Poland, 1950|pl|Reforma walutowa w Polsce w 1950 roku|lt=Monetary reform}}
| All bank assets were revalued at a ratio of {{ratio|100|3}}.
|-
| [[South Korean hwan]]
| {{right|{{ratio|100}}}}
| first [[South Korean won]]
| 1954
| Republic of Korea
| Inflation after [[Korean War]] (1950–1953) and independence from Japan (1945)
| 
|-
| New [[French Franc]]
| {{right|{{ratio|100}}}}
| French Franc
| 1960
| France
| Inflation
| "New" was a temporary designation dropped in 1963
|-
| New [[Finnish markka]]
| {{right|{{ratio|100}}}}
| Finnish markka
| 1963
| Finland
| Inflation
| 
|-
| [[Yugoslav dinar#1966–89; Hard dinar, YUD|Yugoslav 1966 dinar]]
| {{right|{{ratio|100}}}}
| 1944 dinara
| 1966
| Yugoslavia
| Inflation
| 
|-
| [[Peso ley]]
| {{right|{{ratio|100}}}}
| [[Peso moneda nacional]]
| 1970
| Argentina
| Inflation
|
|-
| [[Icelandic króna]]
| {{right|{{ratio|100}}}}
| Icelandic króna
| 1981
| Iceland
| Hyperinflation
|
|-
| Second [[Ugandan shilling]]
| {{right|{{ratio|100}}}}
| First [[Ugandan shilling]]
| 1987
| Uganda
| Inflation
|
|-
| [[Lithuanian litas]]
| {{right|{{ratio|100}}}}
| [[Lithuanian talonas|Talonas]]
| 1993
| Lithuania
| Inflation
| 
|-
| Second [[Macedonian denar]]
| {{right|{{ratio|100}}}}
| First [[Macedonian denar]]
| 1993
| [[North Macedonia]]
| 
| 
|-
| [[Tajikistani ruble]]
| {{right|{{ratio|100}}}}
| [[Russian ruble#RUR (1992–1998)|First]] [[Russian ruble]]
| 1995
| Tajikistan
| Break-up of the Soviet Union
|
|-
| Second [[Sudanese pound]]
| {{right|{{ratio|100}}}}
| [[Sudanese dinar]]s
| 2007
| Sudan
| Inflation
| Currency unification (peace treaty)
|-
| [[North Korean won#2009 revaluation|North Korean won]] (2nd)
| {{right|{{ratio|100}}}}
| [[North Korean won]] (1st)
| 2009
| North Korea
| Inflation
| Redenomination by state
|-
| [[CFA franc]]
| {{right|{{ratio|65}}}}
| [[Guinea-Bissau peso]]
| 1997
| Guinea-Bissau
| monetary union
| [[West African CFA franc]]
|-
| [[Guatemalan quetzal]]
| {{right|{{ratio|60}}}}
| [[Guatemalan peso]]
| 1925
| Guatemala
| 
| 
|-
| [[Latvian lats#First lats, 1922–1940|1st]] [[Latvian lats]]
| {{right|{{ratio|50}}}}
| [[Latvian rouble#First rouble|1st]] [[Latvian rouble]]
| 1922
| Latvia
| Approval of "Regulations on Money"
|
|-
| [[Yugoslav dinar#1944–65; Federation dinar|Yugoslav 1944 dinar]]
| {{right|{{ratio|40}}}}
| [[Independent State of Croatia kuna]]
| 1944
| Yugoslavia
| 
| Reconstituted Yugoslav Federation dinar replacing currency in use in its constituents
|-
| [[Peso moneda nacional]]
| {{right|{{ratio|25}}}}
| [[Argentine peso moneda corriente|Peso moneda corriente]]
| 1881
| Argentina
| Inflation
| 
|-
| [[Yugoslav dinar#1944–65; Federation dinar|Yugoslav 1944 dinar]]
| {{right|{{ratio|20}}}}
| [[Serbian dinar|Serbian 1941 dinar]]
| 1944
| Yugoslavia
| 
| Reconstituted Yugoslav Federation dinar replacing currency in use in its constituents
|-
| [[Nicaraguan córdoba]] (1st)
| {{right|{{ratio|12.5}}}}
| [[Nicaraguan peso]]
| 1912
| Nicaragua
|
|
|-
| [[Haitian gourde#Second gourde, 1870-1872|2nd]] [[Haitian gourde]]
| {{right|{{ratio|10}}}}
| [[Haitian gourde#First gourde, 1813-1870|1st]] [[Haitian gourde]]
| 1870
| [[Haiti]]
|
|
|-
| [[Soviet ruble#Fifth Soviet ruble, 1947–1961|5th Soviet ruble]]
| {{right|{{ratio|10}}}}
| [[Soviet ruble#Fourth (gold) Soviet ruble, March 7, 1924 – 1947|4th Soviet ruble]]
| 1947
| Soviet Union
| Inflation
| 
|-
| [[Soviet ruble#Sixth Soviet ruble, 1961–1991, (Identified as ISO code SUR)|6th Soviet ruble]]
| {{right|{{ratio|10}}}}
| [[Soviet ruble#Fifth Soviet ruble, 1947–1961|5th Soviet ruble]]
| 1961
| Soviet Union
| [[Monetary reform in the Soviet Union, 1961|Monetary reform]]
| 
|-
| [[South Korean won#Second South Korean won|South Korean won]] (2nd)
| {{right|{{ratio|10}}}}
| [[South Korean hwan]]
| 1963
| Republic of Korea
| Inflation
| 
|-
| [[Guinean syli]]
| {{right|{{ratio|10}}}}
| [[Guinean franc#First Guinean franc|Guinean franc]] (1st)
| 1971
| Guinea
|
|
|-
| [[Old Israeli shekel|Israeli shekel]] (1st)
| {{right|{{ratio|10}}}}
| [[Israeli pound]]
| 1980
| [[Israel]]
| Inflation
|
|-
| [[Lithuanian talonas|Talonas]]
| {{right|{{ratio|10}}}}
| [[Soviet ruble#Seventh Soviet ruble, 1991–1993|7th Soviet ruble]]
| 1991
| Lithuania
| Independence (from the Soviet Union)
| No coins denominated in talonas were issued.
|-
| [[Estonian kroon]]
| {{right|{{ratio|10}}}}
| [[Soviet ruble#Seventh Soviet ruble, 1991–1993|7th Soviet ruble]]
| 1992
| Estonia
| Break-up of the Soviet Union
|
|-
| [[Azerbaijani manat#Second manat, 1992–2006|Azerbaijani manat]] (2nd)
| {{right|{{ratio|10}}}}
| [[Soviet ruble#Seventh Soviet ruble, 1991–1993|7th Soviet ruble]]
| 1992
| Azerbaijan
| Break-up of the Soviet Union
| 
|-
| [[Sudanese dinar]]
| {{right|{{ratio|10}}}}
| First [[Sudanese pound]]s
| 1992
| Sudan
| Inflation
| Applied only to North Sudan
|-
| [[Yugoslav dinar#July 1992 – September 1993; Reformed dinar, YUR|Yugoslav 1992 dinar]]
| {{right|{{ratio|10}}}}
| 1990 dinara
| 1992
| Yugoslavia
| Inflation
| 
|-
| First [[Belarusian ruble]]
| {{right|{{ratio|10}}}}
| [[Soviet ruble#Seventh Soviet ruble, 1991–1993|7th Soviet ruble]]
| 1994
| Belarus
| Break-up of the Soviet Union
| When Soviet rubles were still in use in Belarus, Belarusian ruble denominations were implied to be ten times more than Soviet rubles.
|-
| Second [[Mauritanian ouguiya]]
| {{right|{{ratio|10}}}}
| First [[Mauritanian ouguiya]]
| 2018
| Mauritania
| Inflation
| The redenomination was an opportunity for the central bank to introduce more secure polymer banknotes.
|-
| [[United States dollar]]
| {{right|{{ratio|8.75}}}}
| [[Salvadoran colón|Colón]]
| 2001
| El Salvador
| dollarization
| 
|-
| [[Haitian gourde#First gourde, 1813-1870|1st]] [[Haitian gourde]]
| {{right|{{ratio|8.25}}}}
| [[Haitian livre]]
| 1813
| [[Haiti]]
|
| 8 livres and 5 [[Solidus (coin)|sous]]. 1 sou was equal to {{frac|20}} of a livre.
|-
| [[Argentine peso moneda corriente|Peso moneda corriente]]
| {{right|{{ratio|8}}}}
| [[Argentine real|Real]]
| 1826
| Argentina
|
|
|-
| [[Mauritanian ouguiya|Ouguiya]]
| {{right|{{ratio|5}}}}
| [[CFA franc]]
| 1973
| Mauritania
|
|
|-
| [[Malagasy ariary|Ariary]]
| {{right|{{ratio|5}}}}
| [[Malagasy franc|Franc malgache]]
| 2005
| Madagascar
| 
| From 1961, banknotes were issued denominated in both francs and ariary.
|-
| [[CFA franc]]
| {{right|{{ratio|4}}}}
| [[Equatorial Guinean ekwele|Ekwele]]
| 1985
| Equatorial Guinea
| monetary union
| [[Central African CFA franc]]
|-
| [[CFA franc]]
| {{right|{{ratio|2}}}}
| [[Malian franc|Franc malien]]
| 1984
| Mali
| monetary union
| West African CFA franc
|-
| [[Ghanaian cedi]]
| {{right|{{ratio|1.2}}}}
| Old cedi
| 1967
| Ghana
| Decimalisation, change of government
| This was an opportunity to remove [[Kwame Nkrumah]] from every denomination.
|-
| [[Hungarian korona]]
| {{center|{{hs|1}}{{grey|''At par''}}}}
| [[Austro-Hungarian krone]]
| 1919
| Hungary
| Break-up of Austria-Hungary
| 
|-
| [[Austrian krone]]
| {{center|{{hs|1}}{{grey|''At par''}}}}
| [[Austro-Hungarian krone]]
| 1920
| Austria
| Break-up of Austria-Hungary
| 
|-
| [[Mongolian tögrög]]
| {{center|{{hs|1}}{{grey|''At par''}}}}
| [[Soviet ruble#Fourth (gold) Soviet ruble, March 7, 1924 – 1947|4th Soviet ruble]]
| 1925
| Mongolia
| 
| 
|-
| [[Guinean franc#First Guinean franc|First Guinean franc]]
| {{center|{{hs|1}}{{grey|''At par''}}}}
| [[CFA franc]]
| 1959
| Guinea
| Independence
| 
|-
| [[Malian franc|Franc malien]]
| {{center|{{hs|1}}{{grey|''At par''}}}}
| [[CFA franc]]
| 1962
| Mali
| Independence
| 
|-
| First [[Ugandan shilling]]
| {{center|{{hs|1}}{{grey|''At par''}}}}
| [[East African shilling]]
| 1966
| Uganda
| Independence
| 
|-
| [[Equatorial Guinean peseta|Peseta guineana]]
| {{center|{{hs|1}}{{grey|''At par''}}}}
| [[Spanish peseta]]
| 1969
| Equatorial Guinea
| Independence
| 
|-
| First [[Angolan kwanza#First Kwanza, AOK, 1975-1990|Kwanza]]
| {{center|{{hs|1}}{{grey|''At par''}}}}
| Second [[Angolan escudo]]
| 1975
| Angola
| Independence
| 
|-
| [[Equatorial Guinean ekwele|Ekwele]]
| {{center|{{hs|1}}{{grey|''At par''}}}}
| [[Equatorial Guinean peseta|Peseta guineana]]
| 1975
| Equatorial Guinea
| 
| 
|-
| [[Guinea-Bissau peso]]
| {{center|{{hs|1}}{{grey|''At par''}}}}
| [[Portuguese Guinean escudo]]
| 1975
| Guinea-Bissau
| Independence
| 
|-
| [[Guinean franc|Franc guinéen]]
| {{center|{{hs|1}}{{grey|''At par''}}}}
| [[Guinean syli|Syli]]
| 1985
| Guinea
| 
| 
|-
| [[Angolan kwanza#Novo kwanza, AON, 1990-1995|Novo kwanza]]
| {{center|{{hs|1}}{{grey|''At par''}}}}
| First [[Angolan kwanza#First Kwanza, AOK, 1975-1990|Kwanza]]
| 1990
| Angola
| seizure of money supply by government
| Angolans could only exchange 5% of all old notes for new ones; they had to exchange the rest for government securities
|-
| [[Brazilian cruzeiro (1990–1993)|Cruzeiro (third)]]
| {{center|{{hs|1}}{{grey|''At par''}}}}
| [[Brazilian cruzado#Cruzado Novo, 1989-1990|Cruzado Novo]]
| 1990
| Brazil
| renaming
| 
|-
| [[Soviet ruble#Seventh Soviet ruble, 1991–1993|7th Soviet ruble]]
| {{center|{{hs|1}}{{grey|''At par''}}}}
| [[Soviet ruble#Sixth Soviet ruble, 1961–1991, (Identified as ISO code SUR)|6th Soviet ruble]]
| 1991
| Soviet Union
| [[Monetary reform in the Soviet Union, 1991|Monetary reform]], money seizure
| 50-ruble and 100-ruble notes were withdrawn from circulation.
|-
| [[Croatian dinar]]
| {{center|{{hs|1}}{{grey|''At par''}}}}
| [[Yugoslav dinar|Yugoslav 1990 dinar]]
| 1991
| Croatia
| Break-up of Yugoslavia
| 
|-
| [[Slovenian tolar]]
| {{center|{{hs|1}}{{grey|''At par''}}}}
| [[Yugoslav dinar|Yugoslav 1990 dinar]]
| 1991
| [[Slovenia]]
| Break-up of Yugoslavia
| 
|-
| [[Latvian rouble#Second rouble|2nd]] [[Latvian rouble]]
| {{center|{{hs|1}}{{grey|''At par''}}}}
| [[Soviet ruble#Seventh Soviet ruble, 1991–1993|7th Soviet rouble]]
| 1992
| Latvia
| Lack of money supply
| While Soviet roubles were still used in Latvia, it had to introduce its own currency to make its monetary policy independent.
|-
| [[Moldovan cupon]]
| {{center|{{hs|1}}{{grey|''At par''}}}}
| [[Soviet ruble#Seventh Soviet ruble, 1991–1993|7th Soviet ruble]]
| 1992
| [[Moldova]]
| Break-up of the Soviet Union
| The cupon was a temporary currency, no coins were issued.
|-
| 1st [[Krajina dinar]]
| {{center|{{hs|1}}{{grey|''At par''}}}}
| [[Yugoslav dinar#July 1992 – September 1993; Reformed dinar, YUR|Yugoslav 1992 dinar]]
| 1992
| [[Republic of Serbian Krajina]]
| Break-up of Yugoslavia
| 
|-
| [[Russian ruble#RUR (1992–1998)|1st]] [[Russian ruble]]
| {{center|{{hs|1}}{{grey|''At par''}}}}
| [[Soviet ruble#Seventh Soviet ruble, 1991–1993|7th Soviet ruble]]
| 1992
| Russia
| Break-up of the Soviet Union
| 
|-
| First [[Macedonian denar]]
| {{center|{{hs|1}}{{grey|''At par''}}}}
| [[Yugoslav dinar#1990–92; Convertible dinar, YUN|Yugoslav 1990 dinar]]
| 1992
| [[North Macedonia]]
| Break-up of Yugoslavia
| The first denar was a temporary currency, no coins were issued
|-
| [[Ukrainian karbovanets#Third karbovanets (1992–1996)|3rd]] [[Ukrainian karbovanets]]
| {{center|{{hs|1}}{{grey|''At par''}}}}
| [[Soviet ruble#Seventh Soviet ruble, 1991–1993|7th Soviet ruble]]
| 1992
| Ukraine
| Break-up of the Soviet Union
| 
|-
| [[Georgian kuponi]]
| {{center|{{hs|1}}{{grey|''At par''}}}}
| [[Soviet ruble#Seventh Soviet ruble, 1991–1993|7th Soviet ruble]]
| 1993
| Georgia
| Break-up of the Soviet Union
| Only banknotes were issued.
|-
| [[Uzbekistani soum#First soum|1st]] [[Uzbekistani soum]]
| {{center|{{hs|1}}{{grey|''At par''}}}}
| [[Soviet ruble#Seventh Soviet ruble, 1991–1993|7th Soviet ruble]]
| 1993
| Uzbekistan
| Break-up of the Soviet Union
| 
|-
| [[Vietnamese đồng|Đồng]] (unified)
| {{right|{{ratio|0.8}}}}
| [[South Vietnamese đồng#Second đồng, 1975 to 1978|Liberation đồng]]
| 1978
| [[South Vietnam]]
| Unification
| 
|-
| [[Austro-Hungarian krone]]
| {{right|{{ratio|0.5}}}}
| [[Austro-Hungarian florin]]
| 1892
| Austria-Hungary
| monetary union
| Moving from silver to gold standard
|-
| [[Iranian Toman]]
| {{right|{{ratio|0.1}}}}
| [[Iranian Rial]]
| 1932
| Iran
| Monetary reform
| 
|}

== Proposed ==

=== Colombia ===
Since 2018, there have been legislative efforts for redenomination.<ref>{{Cite web |last=Fernández |first=Por Juan Escobar |date=2023-09-18 |title=Se acerca la hora de quitarle tres ceros al peso colombiano: esto dice exministro de Hacienda |url=https://www.infobae.com/colombia/2023/09/18/se-acerca-la-hora-de-quitarle-tres-ceros-al-peso-colombiano-esto-dice-exministro-de-hacienda/ |access-date=2025-04-03 |website=infobae |language=es-ES}}</ref>

=== Indonesia ===
A long-running proposal to redenominate the rupiah has yet to receive formal legislative consideration. Since 2010, Bank Indonesia, as the monetary authority of Indonesia, In 2015, the government submitted a rupiah redenomination bill to the House of Representatives, but it has not yet<!--at 30 May 2017--> been deliberated. In 2017, [[Bank Indonesia#List of Governors|Bank Indonesia Governor]] [[Agus Martowardojo]] reiterated the call, saying that if redenomination started immediately, the process could be complete by 2024 or 2025.<ref name=JPost>[https://www.thejakartapost.com/news/2017/05/30/it-is-time-for-rupiah-redenomination-central-bank-says.html It is time for rupiah redenomination, central bank says] {{Webarchive|url=https://web.archive.org/web/20200920151831/https://www.thejakartapost.com/news/2017/05/30/it-is-time-for-rupiah-redenomination-central-bank-says.html |date=20 September 2020 }}, Jakarta Post, 30 May 2017</ref>

===Iran===
This proposal was approved by the Iranian parliament in May 2020. The changeover is likely to be phased over a period of up to two years.<ref>{{cite web|url=https://en.radiofarda.com/a/iran-parliament-approves-bill-to-change-currency-slash-four-zeros-/30592219.html|access-date=2023-10-01|title=Iran Parliament Approves Bill To Change Currency, Slash Four Zeros|date=May 4, 2020|publisher=en.radiofarda.com|archive-date=2020-05-06|archive-url=https://web.archive.org/web/20200506083954/https://en.radiofarda.com/a/iran-parliament-approves-bill-to-change-currency-slash-four-zeros-/30592219.html|url-status=live}}</ref>

=== Japan===
Numerous proposals have been made since the 1990s to redenominate the yen by introducing a new unit or new yen, equal to 100 yen, and nearly worth one U.S. dollar. This has not happened to date, since the yen remains trusted globally despite its low unit value, and due to the huge costs of reissuing new currency and updating currency-reading hardware. The negative impact of postponing upgrades to various computer software until redenomination occurs, in particular, was also cited.<ref>{{Cite web|url=https://www.thefreelibrary.com/Coalition+sets+up+talks+on+yen%27s+redenomination-a057825429|title=Coalition sets up talks on yen's redenomination. - Free Online Library|access-date=December 14, 2021|archive-date=December 14, 2021|archive-url=https://web.archive.org/web/20211214214921/https://www.thefreelibrary.com/Coalition+sets+up+talks+on+yen%27s+redenomination-a057825429|url-status=live}}</ref>

===Lebanon===
Due to [[Lebanese liquidity crisis]], the Lebanese Pound Has Collapsed to nearly 90&thinsp;000 for one dollar.<ref>{{cite web | url=https://moderndiplomacy.eu/2022/07/18/a-severe-economic-crisis-in-lebanon-the-lebanese-pound-has-collapsed/ | title=A Severe Economic Crisis in Lebanon: The Lebanese Pound Has Collapsed | date=18 July 2022 | access-date=3 September 2024 | archive-date=3 September 2024 | archive-url=https://web.archive.org/web/20240903202353/https://moderndiplomacy.eu/2022/07/18/a-severe-economic-crisis-in-lebanon-the-lebanese-pound-has-collapsed/ | url-status=live }}</ref>

===Nigeria===
Due to inflation Nigerian coins are all essentially worthless now, so there are propositions to redenominate.<ref>{{cite web | url=https://www.independent.ng/the-inevitable-choice-between-n10000-note-and-redenomination/ | title=The Inevitable Choice Between N10,000 Note and Redenomination | date=24 October 2017 | access-date=3 September 2024 | archive-date=22 August 2023 | archive-url=https://web.archive.org/web/20230822131034/https://independent.ng/the-inevitable-choice-between-n10000-note-and-redenomination/ | url-status=live }}</ref>

===South Korea===
There have been recurring proposals in the [[National Assembly (South Korea)|South Korean National Assembly]] to redenominate the won by introducing a new won or new unit, equal to 1,000 old won, and worth nearly one [[U.S. dollar]]. While proponents cite a more valuable currency unit better projects the strength of the nation's economy, a majority remain opposed to the idea. Reasons cited are: economic harm if done immediately, no issues on public confidence in the won and its inflation rate, limited cost savings, and the presence of more urgent economic issues.<ref>{{cite web |url=https://www.koreatimes.co.kr/www/biz/2019/04/488_267185.html |title=Redenomination: boon or bane? |publisher=[[The Korea Times]] |date=15 April 2019 |accessdate=2022-03-16 |archive-date=2022-04-16 |archive-url=https://web.archive.org/web/20220416001922/https://www.koreatimes.co.kr/www/biz/2019/04/488_267185.html |url-status=live }}</ref>

===Vietnam===
In response to increasing pressure on the [[Vietnamese dong]] as a result of high inflation in the US Dollar, different proposals to redenominate <ref>{{cite web | url=https://asiatimes.com/2017/10/time-vietnam-lop-zeros-off-currency/ | title=Time for Vietnam to lop zeros off its currency | date=27 May 2019 | access-date=3 September 2024 | archive-date=3 September 2024 | archive-url=https://web.archive.org/web/20240903202352/https://asiatimes.com/2017/10/time-vietnam-lop-zeros-off-currency/ | url-status=live }}</ref>

==Alternatives==

[[Japanese invasion money]] suffered from heavy inflation. At the end of [[World War II]] governments of liberated countries and territories opted to simply declare them worthless.

In 2016, the [[Colombian peso]] was rated at around 3,000 per U.S. dollar, with banknotes up to 50,000 pesos. Instead of redenominating the currency, a new banknote design was introduced, with the last three zeroes replaced by the word "mil" (thousand), making the values easier to read.

==See also==
{{Portal|Numismatics|Money}}
* [[Decimalisation]]
* [[Denomination (currency)]]
* [[Devaluation]]
* [[Dollarization]]

==References==
{{Reflist}}

[[Category:Currency]]
[[Category:Decimalisation]]
[[Category:Inflation]]
[[Category:Numismatics]]