Nah. Your government is doing the right thing here.
Two reasons to not redenominate currency:
It’s messy. The old and new coins need to coexist for some time, and people get confused. Specially bad in the presence of disingenuous = dumb = malicious actors; picture your typical Karen saying “it doesn’t specify in which currency it should be, so I’m entitled to pay it in the old currency! I DEMAND TO TALK WITH YOUR MANAGER!!!”.
It’s costly. Reprinting all money would cost more than just stop minting the lowest value coins, and slowly remove them from circulation (as they hit the banks).
Because of both things, you’ll only see redenomination without hyperinflation once in a blue moon; it’s simply not worth the trouble, unless you’re cutting off three zeroes or more at once. Also, note trying to solve one of the issues makes the other worse.
Source: I’ve seen my country’s currency being redenominated twice. (Technically four times, but I was too young to remember two of them.)
Nah. Your government is doing the right thing here.
Two reasons to not redenominate currency:
Because of both things, you’ll only see redenomination without hyperinflation once in a blue moon; it’s simply not worth the trouble, unless you’re cutting off three zeroes or more at once. Also, note trying to solve one of the issues makes the other worse.
Source: I’ve seen my country’s currency being redenominated twice. (Technically four times, but I was too young to remember two of them.)