#Sierra Leone redenominates its currency in hopes to reset economy #economy #economics #world, Economy News 2022
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Sierra Leone is denominating its currency in an attempt to reset the economy.
The central bank has removed three zeros and reprinted leone notes, saying this will reduce the volume of cash people carry around and related risks.
Critics say that won’t necessarily help the leone’s value.
Al Jazeera’s @Ahmed Idris reports from Freetown, Sierra Leone.
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#Sierra Leone redenominates its currency in hopes to reset economy #wealth #future #politics #usa #realestate, Economy News 2022
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Good for them.
👍
Taking out the zeroes would not help on the long run Zimbabwe done it
Paperless banking if they fear theives. Removing zeros will not rally the economy. Thats a big lie
This is the most retarded thing I have ever heard. Take away the zeros will shore up the economy 🤣🤣🤣
Papper is paper
That has never worked and will never work
The eco cannot come sooner.
old news, happened a month ago