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:

Angola;

Argentina;

Democratic Republic of Congo;

South Sudan;

Sudan; and

Venezuela.

The IPTF is predicting that Iran, Yemen and Zimbabwe will be in this category within the next three years.

Our Company Reporting service has reported on a number of companies that disclose that they are operating within ‘hyperinflationary’ economies, and have therefore applied IAS 29.

0
Be the first to vote
Subscribe