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I assume that forcing people to replace it would cause too much confusion. They wouldn't see it coming, not to mention they would have to be notified what the exchange rate is to begin with.
Also, it wouldn't really change the value of things once people actually realize what the exchange rate is. They will simply decrease the prices accordingly. There is no relative decrease in supply, nor demand, and therefore no value is changed.
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They would be told through the news what happened... We wouldn't just replace ZC with a new item and leave them wondering. It's also not meant to change prices of items, but meant to change the ZC itself, which in the long run will change item prices if a system is correctly made for how to obtain that currency, unlike now.