​Maintenance project for developing narrow-scope amendments to IAS 21. The amendments will specify how to translate the results and financial position of an entity whose functional currency is non-hyperinflationary into a hyperinflationary presentation currency.

An ED proposing amendments to IAS 21 was published in July 2024.

On 27 September 2024, EFRAG published its Draft Comment Letter ('DCL') on the IASB Exposure Draft.

EFRAG supports the proposed amendments to IAS 21 to address the translation to a hyperinflationary presentation currency and provides a few recommendations that could enhance the clarity of the proposals. EFRAG also supports the proposed disclosure requirements, corresponding disclosure requirements for subsidiaries without public accountability and proposed transition requirements.

The deadline to submit comments on the DCL was 28 October 2024.

On 20 November 2024, EFRAG published its Final Comment Letter on the proposed amendments reiterating its support and additional clarifying recommendations.