Decimals on all prices would move one place to the right. This would be an annoyance for printed menus, and the government would need to set up a process for exchanging outstanding printed currency.
There’s no other effect – money is neutral, and the denomination you use does not affect the real economy.
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Decimals on all prices would move one place to the right. This would be an annoyance for printed menus, and the government would need to set up a process for exchanging outstanding printed currency.
There’s no other effect – money is neutral, and the denomination you use does not affect the real economy.