International Practices Task Force releases watch list of hyperinflationary economies
Released 21 May 2019
The IPTF have identified 6 countries with three-year cumulative inflation rates that exceed 100%, and three further economies that are projected to exceed this level.
The International Practices Task Force (IPTF) monitors the status of ‘hyperinflationary countries’ for the U.S. Securities and Exchange Commission, uses similar criteria for identifying hyperinflationary countries as suggested within IAS 29 Financial Reporting in Hyperinflationary Economies.
The six national economies that the IPTF currently judges to be ‘hyperinflationary’ are:
•Democratic Republic of Congo;
The IPTF is predicting that Iran, Yemen and Zimbabwe will be in this category within the next three years.