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<p>[QUOTE=&quot;digitect, post: 1595298, member: 38157&quot;]No it doesn&#039;t and certainly not by stable economies. Check out this list of <a href="http://en.wikipedia.org/wiki/Redenomination#List_of_currency_redenominations" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Redenomination#List_of_currency_redenominations" rel="nofollow">currency redenominations</a> and tell me which example you&#039;d like us to emulate. Nearly every one is attributable to inflation other than those converting to the Euro. (And I would argue that was effectively an exchange, not a redenomination. There was not supposed to be any value in the remaining currency even though Germans saved their Deutschmarks and still spend them like Euros which points to continuing cracks in the agreement.)</p><p><br /></p><p>Instant redenomination is not possible with the same currency since the pennies in my pocket are not capable of changing by themselves. It requires an instantaneous change of <i>perception</i> and that is not going to happen in a population of 300m+ (plus another large chunk outside). There would be fortunes made and lost in that moment.</p><p><br /></p><p>No thanks.[/QUOTE]</p><p><br /></p>

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