| 单词 | currency reform |
| 释义 | currency reform Replacement of a currency by a new one. This has frequently been done simply for convenience, because inflation has made the value of units of the old currency inconveniently small. It may sometimes have been hoped that a new name for the currency would assist in making a promise of less inflationary monetary policy more credible. Currency reform has also been used to take money out of circulation because the holders wish to avoid bringing the size of their assets to the notice of the tax authorities or the police, or by imposing a limit on the amount of new money any individual can obtain. |
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