Today, the deputy governor of the CBI stated that revaluation and renomination…They provided us two significant steps.Step 1: Redenomination: Four categories were provided. 1. The three zeros are eliminated from currency at the redenomination stage. 2. Cleanup, both administrative and technical. 3. Old notes were discarded and new ones were produced. The labels are different, but the value remains the same. Revaluation is the second step. 1. The official exchange rate is increased by the CBI. 2. In terms of US dollars, this results in a real gain. 3. Holders are positioned for this particular event.
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