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From December 31, 2024, there are 15 countries around the world whose economies will be considered hyperinflationary. Entities whose functional currency is the currency of one of these countries and that have December 31, 2024, reporting requirements will have to reflect the requirements of IAS 29, Financial Reporting in Hyperinflationary Economies, in their IFRS financial statements.
Read that document for more information.
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Download the document Adviser_Alert_Hyperinflationary_Countries_update_November_2024_FINAL_P
IFRS Adviser Alert | Hyperinflationary countries – Update for periods ending December 31, 2024