03-01_report_of_the_efrag_fiwg_chairman_25_june_2025_1_0.pdf

The EFRAG FIWG meeting discussed the May 2025 IASB tentative decisions on using a hyperinflationary presentation currency by a non-hyperinflationary entity (IAS 21). Key points:

• The objective was to discuss feedback on Exposure Draft "Translation to a Hyperinflationary Presentation Currency" and outline concerns related to applying IAS 29 in hyperinflationary economies.
• One member supported the IASB tentative decisions, including an exception for companies whose functional currency is also hyperinflationary.
• Members agreed that a comprehensive review of IAS 29 could be explored in the future, given its age and reported figures not always being meaningful.