Currency Reform

Currency reform refers to significant changes in a country's monetary system, often involving the introduction of a new currency or adjustments to existing currency values. This can happen to combat inflation, stabilize the economy, or restore public confidence in the financial system. Reforms might include redenomination, which simplifies a currency by removing zeros, or changing the currency altogether. The goals are typically to improve economic stability, enhance trade, and create a more efficient payment system. Currency reform is a complex process that can impact businesses, consumers, and the overall economy.