an anwer to the hyper inlation thread

Discussion in 'Economics' started by morganist, Nov 25, 2008.

  1. this thread keeps on coming up so i thought that i would add my comment but with a different slant (that is why i am not commenting on that thread).

    in 2005 the asb accounting standards board introduced frs 24 'how to account for countries with hyperinflation'. this is in line with ias international accounting standard 29.

    the point being why would they introduce this legislation unless they thought it was likely in uk and other countries the short answer is they knew this was going to happen.

    more info.