The term devaluation and redenomination are often mixed up…What happened October 2026 was a devaluation…an official act to decrease the value of a currency against other currency. In this case the US dollar. The dinar is now officially worth less…Re-denomination is an administrative process like a stock spilt. For example, if the CBI were to remove the zeros, your 25,000 dinar bank notes would become a 25 dinar bank note. A product that cost 25,000 dinar would now cost 25 new dinars. Your purchasing power would not change. You haven’t gained any real value…The people are unhappy with the devaluation …The cost of imported goods goes way up…overnight…The CBI is focused on long-term stability, international compliance and reducing the economy’s reliance on physical US dollars.
