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Tag: Redenomination of the Leone
Is Sierra Leone currency redenomination good for the country?
Redenomination of currency is not a new phenomenon. Most underdeveloped countries have gone through such an exercise with varying economic results. Ghana did it in 2007, and Zimbabwe did it in 2009. Both countries had significant challenges with the implementation, but Ghana had more positive results. This was because they had relatively stable macroeconomic conditions … read more
