IASB: Lack of Exchangeability (Amendments to IAS 21)
The International Accounting Standards Board (IASB) issued amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates that will require companies to provide more useful information in their financial statements when a currency cannot be exchanged into another currency.
The amendments will be consolidated into IAS 21 and IFRS 1 in March 2024 and will become effective for annual reporting periods beginning on or after 1 January 2025.