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17.07.2024
POSSIBILITY OF CURRENCY EXCHANGE TO BE DETERMINED ACCORDING TO A NEW IFRS

Order of the RF Ministry of Finance No. 77n of June 4, 2024 endorsing the IFRS “Lack of Currency Exchange Options (Amendments to IFRS (IAS) 21)” has been put into effect in Russia. 

The document allows organisations to assess whether currency exchange is possible and to determine the current exchange rate by the way of calculation for the cases when exchange is not possible.

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