What is NAS No. 22?
Also known as: Accounting for Assets and Liabilities Denominated in Foreign Currency
NAS No. 22 “Accounting for Assets and Liabilities Denominated in Foreign Currency” sets the procedure for accounting for foreign currency transactions: they are recognized in soums at the Central Bank exchange rate on the transaction date, monetary items are remeasured at the end of each month, and exchange differences are recognized as income or expenses from financial activities. For foreign readers: broadly corresponds to IAS 21 “The Effects of Changes in Foreign Exchange Rates”. Approved by Order No. 201 of the Minister of Economy and Finance dated 6 December 2024 (registered with the Ministry of Justice on 19.12.2024, No. 3587).