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Actually they often do not really abandon the currency, they just issue a new dollar that removes a bunch of orders of magnitude from the dollars. http://en.wi
by pfisch 13y ago
Actually they often do not really abandon the currency, they just issue a new dollar that removes a bunch of orders of magnitude from the dollars.
http://en.wikipedia.org/wiki/Hyper_inflation#Currency http://en.wikipedia.org/wiki/Hyper_inflation#Currency
- dragonwriter 13y agoUsers (not issuers) abandon the currency as a currency until the measures are taken to assure that some measure of value stability will be restored. Doing what amounts to a a "reverse split" on the currency is a measure issuers take to get the unit value of currency to a usable value.