Noun
A second or new valuation.
Source: Webster's dictionaryAfter the renminbi was instituted by the new communist government, hyperinflation ceased with a revaluation of 1:10,000 old Renminbi in 1955. Source: Internet
According to the ballot measure that passed last fall, the funding for the property revaluation was capped at $290,000; and the cost would be covered by money from the Undesignated Fund Balance. Source: Internet
In late 2009, North Korea revalued its currency, effectively confiscating all privately held money above the equivalent of US$35 per person. citation The revaluation effectively wiped out the savings of many North Koreans. Source: Internet
But it does mean that after last year’s revaluation, in which everyone I know saw a tax increase in spite of the mil rate reduction, any increase won’t come from the pocket of existing residents. Source: Internet
He said work done now would end up being superseded by a wider revaluation next year. Source: Internet
Frequently, these changes are due to the formation of new governments, treaties between countries standardizing on a shared currency, or revaluation of an existing currency due to excessive inflation. Source: Internet