The IASB has published the Exposure Draft Translation to a Hyperinflationary Presentation Currency – Proposed amendments to IAS 21 to address accounting issues that affect companies that translate financial information from a non-hyperinflationary currency to a hyperinflationary currency. These proposals, which are narrow-scope amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates, introduce translation requirements for these companies.

The Exposure Draft is open for comment until 22 November 2024.