Denominointi
Denominointi is a Finnish term referring to the process of denomination, specifically in the context of currency. It involves re-denominating or re-evaluating a country's currency, typically by removing a certain number of zeros from the existing currency's face value. This is often done to simplify monetary transactions, combat inflation, and restore confidence in a currency that has become significantly devalued over time.
The most notable instance of denominointi in Finland occurred in 1963 when the Finnish Markka was re-denominated.
Denominointi can have psychological and economic impacts. It can simplify accounting and reduce the cost of