A redenomination, deleting the zeros, is a unit change. It simplifies the currency, forces a note exchange and can help pull cash into formal channels…It does not by itself change the real purchasing power…If they were going to redenominate, they could have done this years and years ago… A REER, real effective exchange rate, style adjustment is different. It is a coordinated managed realignment of the exchange rate by the CBI…It is a monetary policy decision…A coordinated rate adjustment is a deliberate structural move…Public discussion is correctly starting to separate them…the clarity is progress… Militia Man
