ICAM still maintains that Malawi does not meet the full criteria of a hyperinflationary economy under International Accounting Standard (IAS) 29
* Hyperinflation refers to rapid and unrestrained price increases and inflation in an economy over time, typically at rates exceeding 50% each month * Hyperinflation can occur in circumstances affecting the underlying production economy in conjunction with a central bank printing excessive money By Duncan Mlanjira Malawi Institute of Chartered Accountants (ICAM) still maintains that despite exceeding quantitative inflation thresholds, the overall assessment remains that the country does not meet the full criteria of a hyperinflationary economy under International…
