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<p>[QUOTE="Conder101, post: 1595225, member: 66"]It gets done all the time around the world</p><p><br /></p><p><br /></p><p>Yes., but you will have to include the clause requiring the automatic revaluation into the legislation.</p><p><br /></p><p><br /></p><p>Yes. And so are salaries etc.</p><p><br /></p><p><br /></p><p>Yes they would have to be converted by the specified conversion date. The only real problem would be that all new coins and currency would have to be readied for use by the conversion date. It is really no different from the introduction of a new currency like much of Europe did with the Euro in 2002 (I didn't notice the entire European economy crumbling to destruction that year. What has happened since is not the fault of the euro introduction.) Only in that case it wasn't a nice simple moving of the decimal, it was some odd amount and it was different for every country. So it CAN be done.</p><p><br /></p><p>In practical terms though such a revaluation is meaningless. If before I earned $10 and hour and paid $10 for something it took me one hour of labor to earn that item. After the conversion I'm now earning N$1 an hour and the item costs N$1 so it still takes me one hour of labor to earn that item. Absolutely NOTHING has changed except the name/denomination on the piece of paper. The only advantage is we get to work with smaller numbers.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 1595225, member: 66"]It gets done all the time around the world Yes., but you will have to include the clause requiring the automatic revaluation into the legislation. Yes. And so are salaries etc. Yes they would have to be converted by the specified conversion date. The only real problem would be that all new coins and currency would have to be readied for use by the conversion date. It is really no different from the introduction of a new currency like much of Europe did with the Euro in 2002 (I didn't notice the entire European economy crumbling to destruction that year. What has happened since is not the fault of the euro introduction.) Only in that case it wasn't a nice simple moving of the decimal, it was some odd amount and it was different for every country. So it CAN be done. In practical terms though such a revaluation is meaningless. If before I earned $10 and hour and paid $10 for something it took me one hour of labor to earn that item. After the conversion I'm now earning N$1 an hour and the item costs N$1 so it still takes me one hour of labor to earn that item. Absolutely NOTHING has changed except the name/denomination on the piece of paper. The only advantage is we get to work with smaller numbers.[/QUOTE]
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