Term from IAS (a hyperinflationary country is one where inflation is both chronic and out of control), without specifying a particular percentage for hyperinflation. – IAS recommends that subsidiaries (subsidaries) in hyperinflationary countries prepare their own hard-currency financial statements (balancing in hard currency) and use them for extrapolation. – See reporting currency, presentation currency, hyperinflation, sovereign debt repatriation, currency, functional, customs premium.
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