Translation to a Hyperinflationary Presentation Currency
About this consultation
On 25 July 2024 the International Accounting Standards Board (IASB) published for public comment the Exposure Draft Translation to a Hyperinflationary Presentation Currency.
The Exposure Draft proposes to improve information for investors in a cost-effective manner by requiring an entity to translate amounts from a functional currency that is the currency of a non-hyperinflationary economy to a presentation currency that is the currency of a hyperinflationary economy using the closing rate at the date of the most recent statement of financial position.
The IASB is inviting feedback on the proposed amendments until 22 November 2024.
Accessing the Exposure Draft
For additional information, see the following:
How to provide feedback
This consultation is now closed.