Talk:Ghanaian cedi

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[edit] New Cedi

The external purchasing power of the old and new currencies will be the same; the cedi is not being devalued nor re-valued.

What does that mean? If 10,000 old cedi will be equal to 1 new cedi, how is that not a revaluation? Nik42 07:01, 28 November 2006 (UTC)

This is just a confusion between "re-denomination" and "delvauation". Clearly in the case of new cedi of 2007, it's a re-denomination.
Some people would say cedi is re-valued because 1 unit of cedi will be 10,000 time larger
Some people would not say cedi is revalued because 10,000 cedi and 1 new cedi could buy the same amount of goods or foreign currency. 10,000 old cedi is worth 1 USD, and after the changeover, 10,000 old cedi is still worth 1 USD. --ChoChoPK (球球PK) (talk | contrib) 04:06, 30 November 2006 (UTC)
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