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Why can’t we do a reverse split of our currency? Print new dollars and change and on some date new dollar is the effective currency and you can trade in 10 old
by balderdash 11mo ago
Why can’t we do a reverse split of our currency? Print new dollars and change and on some date new dollar is the effective currency and you can trade in 10 old dollars for one new dollar?
- kedikedi 11mo agoTurkey did it some years ago (2005). Removed six zeroes and named it something like “new lira”. Then named it back to “lira” after most of the old money is out of circulation. 20 years later, I think some more zeroes are available to be removed :)
- fred_is_fred 11mo agoWhat would the net outcome of this be besides smaller denominations having more value?