IAS 29 and Pound: Difference between pages

Revision as of 15:14, 11 December 2019

1.

One unit of the UK pound sterling (GBP).

For most of the historical period up the early 19th century, it could - in theory - be exchanged for one pound (weight) of silver.

Thereafter the pound was generally backed by gold (the 'gold standard').

Since 1931, the pound sterling has been a fiat currency.

2.

A pound is also one unit of a number of other currencies including those of Egypt (EGP), Lebanon (LBP), Sudan (SDG) and Syria (SYP).

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-International Accounting Standard 29, dealing with financial reporting in hyperinflationary economies.
+.
-Issued by the International Accounting Standards Board.
+One unit of the UK pound sterling (GBP).
+For most of the historical period up the early 19th century, it could - in theory - be exchanged for one pound (weight) of silver.
+Thereafter the pound was generally backed by gold (the 'gold standard').
+Since 1931, the pound sterling has been a fiat currency.
+.
+A pound is also one unit of a number of other currencies including those of Egypt (EGP), Lebanon (LBP), Sudan (SDG) and Syria (SYP).
 == See also ==
-* [[FRS 24]]
+* [[Egypt]]
-* [[International Financial Reporting Standards]]
+* [[Fiat currency]]
+* [[FKP]]
+* [[GBP]]
+* [[GIP]]
+* [[Gold standard]]
+* [[Libra]]
+* [[Lira]]
+* [[SHP]]
+* [[SSP]]
+* [[Sterling]]
+* [[United Kingdom]]
+[[Category:The_business_context]]
+[[Category:Financial_products_and_markets]]