Meaning of redenomination | Babel Free

Definitions

1. The process of redenominating.
   countable, uncountable
2. The recalibration of the face value of a currency, most frequently by multiplying that value by a power of 10, sometimes followed by the demonetization of any cash issued with the original face value.
   countable, uncountable

Examples

“After the redenomination, the new peso was worth 100 old pesos.”

CEFR level