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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.

IFRIC® Update March 2025

The Committee discussed the IASB’s project on Translation to a Hyperinflationary Presentation Currency. Committee members provided input on a possible way forward in response to feedback on an aspect of the translation method proposed in the Exposure Draft Translation to a Hyperinflationary Presentation Currency.

The IASB will consider the Committee members’ input and feedback from other stakeholders when deciding the project’s next steps.

Next milestone

Exposure Draft Feedback