The purpose of this study is to examine the impacts of redenomination on inflation, currency exchange, economic growth and export value. While decisions on redenomination and design of currencies may seem more technical than political, a government’s control and administration of its currency and transactions within its boundaries are a few examples of the hallmarks of the modern nation-state. In this study, there are 27 countries which are involved in redenominating their currencies. The datas that are analyzed are rate of inflation, exchange rate, economic growth and export value which are obtained from the World Bank. Independent sample T-test was performed to analyze the impacts of redenomination on the mentioned variables. Result of the study indicates that inflation and economic growth were affected significantly by redenomination.