UKEB adopts Translation to a Hyperinflationary Presentation Currency (Amendments to IAS 21)

The UKEB has today published Translation to a Hyperinflationary Presentation Currency (Amendments to IAS 21). It was issued by the IASB in November 2025, and formally adopted by the UKEB, for use in the UK, on 30 September 2026. Translation to a Hyperinflationary Presentation Currency amends IAS 21 The Effects of Changes in Foreign Exchange Rates. Consequential changes to the mandatory parts of IFRS 19 Subsidiaries without Public Accountability: Disclosures and IAS 29 Financial Reporting in Hyperinflationary Economies are included in the Amendments. The Amendments will be effective for annual reporting periods beginning on or after 1 January 2027, with earlier application permitted.

The text of the Amendments, part of UK-adopted international accounting standards, can be found on our website.

For more information on the UKEB’s approach to this project, visit our Translation to a Hyperinflationary Presentation Currency (Amendments to IAS 21) webpage.

We would like to thank all stakeholders who contributed to this project.