Gunadi et al. (2018)

Turkey

Wilcoxon Test, Mann Whitney U-Test, and Multiple Linear Regression

Redenomination did not improve firms’ performance. It decreased the firms’ profitability in the whilst sales increased.

Karnadi & Adijaya (2017)

Indonesia

Fixed effect estimator

Redenomination reduced inflation; increased GDP per capita but had no significant effect on real exchange rate

Astrini et al. (2016)

Indonesia

Experimental methods

Redenomination had no influence on prices and economic transactions in a country.

Sesay et al. (2022)

Sierra Leone

Descriptive analysis (115 respondents)

Redenomination is expected to reduce inflation and add value to the Le