IAS 21Chapter 16Lesson 1
When a currency is not exchangeable
Step 1 of 6Learning objectives
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When a currency is not exchangeable at the measurement date, the entity estimates the spot rate and gives disclosures; the amendment applies to annual periods beginning on or after 1 January 2025.
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Learning objectives
- Define exchangeability and recognise a non-exchangeable currency.
- Estimate a spot rate without an imposed technique.
- State the disclosures and the application date.