IFRS | Financial information into hyperinflationary currencies

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IFRS | Financial information into hyperinflationary currencies

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IFRS | Certification

Published on January 19, 2026

• 1 min read

The objective of IAS 21 is to prescribe how to include foreign currency transactions and foreign operations in the financial statements of an entity and how to translate financial statements into a presentation currency.

In June 2022, the IFRS Interpretations Committee (IFRIC) received a submission regarding the accounting treatment applied by a parent entity with a functional currency in a hyperinflationary economy when consolidating a subsidiary with a functional currency in a non-hyperinflationary economy. After doing research, the IFRIC concluded that the matter identified was common and there was diversity in practice, which was expected to increase in the future. The IFRIC also identified a related issue, where an entity with a non-hyperinflationary functional currency presents its financial statements in a hyperinflationary presentation currency.

The IFRIC referred the matter to the IASB and recommended a narrow-scope amendment to provide an appropriate translation method for both the original and related issues. In July 2024, the IASB proposed amendments to IAS 21 to address these matters, which have been finalized following consideration of feedback on the proposals. These targeted amendments aim to enhance information quality cost effectively, reduce reporting differences, and clarify guidelines for hyperinflationary currencies.

IFRS Adviser Alert | IASB issues amendments for translating financial information into hyperinflationary currencies | January 2026

Download the document Adviser_Alert_Amendments_IAS_21_2025_RSPD0007919_a_P

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