Definition of Hyperinflationary Currency for Purposes of Section 988
other · IRS · Rule · Published 2001-01-03 · Effective 2000-02-14 · 66 FR 279
Document
Document number
00-32188
Federal Register citation
66 FR 279
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations.
Category
other
Sub-agency
IRS
Publication date
2001-01-03
Effective date
2000-02-14
Treasury docket
TD 8914
Abstract
This document contains final regulations concerning when a currency will be considered hyperinflationary for purposes of section 988. These final regulations are intended to prevent distortions associated with the computation of income and expense arising from section 988 transactions denominated in hyperinflationary currencies.