It is a "redenomination" which literary mean cutting the .000 (three zeros) at the end for simplification. It is not as bad as "sanering" the dutch word for cutting/reducing the value of your money. The "sanering" word is not much in use in the monetary system nowadays apart from the use in the past by the Indonesian financial Authority.Thank you, very interesting. I did not hear about it before. With elections coming up, I am really curious if this will happen.
But typically even with Redenomination it will still have a temporary impact on the currency and inflation.