# Definition of Hyperinflationary Currency for Purposes of Section 988
> **IRS** · Final regulations. · Published 2001-01-03 · Effective 2000-02-14 · 66 FR 279
## Document
- **Document number:** 00-32188
- **Category:** other
- **Sub-agency:** IRS
- **Federal Register citation:** 66 FR 279
- **CFR reference:** 26 CFR 1
- **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.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2001/01/03/00-32188/definition-of-hyperinflationary-currency-for-purposes-of-section-988)
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