GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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18:27 Apr 2, 2007 |
Polish to English translations [PRO] Bus/Financial - Finance (general) / exchange of money | |||||||
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| Selected response from: Icing (X) United States Local time: 03:19 | ||||||
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Summary of answers provided | ||||
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4 | denomination |
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4 | ("old") |
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4 | currency redenomination |
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denomination Explanation: imo |
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("old") Explanation: worth 7,000,000 ("old") zloty, albo: worth PLZ 7,000,000 - i niech czytelnik sobie znajdzie co to PLZ; -------------------------------------------------- Note added at 1 hr (2007-04-02 19:44:58 GMT) -------------------------------------------------- inna możliwość: (pre-1995) zloty, też w nawiasie |
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currency redenomination Explanation: The process whereby a country's currency is recalibrated due to significant inflation and currency devaluation. Certain currencies have been redenominated a number of times over the last century for various reasons. http://www.investopedia.com/terms/r/redenomination.asp -------------------------------------------------- Note added at 9 mins (2007-04-02 18:36:15 GMT) -------------------------------------------------- Among developing and transition nations, currency redenomination was employed on 60 occasions during the 1960-2003 period.2 These redenominations varied in size, from removing one zero from the currency (14 instances) to removing six zeros (9 instances); the median redenomination was three zeros, dividing the currency by 1000. (from "Dropping Zeros, Gaining Credibility? Currency Redenomination in Developing Nations") http://convention2.allacademic.com/getfile.php?file=apsa05_p... -------------------------------------------------- Note added at 1 hr (2007-04-02 19:48:40 GMT) -------------------------------------------------- Bardzo eleganckie rozwiązanie: prior to (currency) redenomination |
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