IAS 19 — Discount rate

Date recorded:


In March 2017, the IC discussed how an entity determines the rate used to discount post-employment benefit obligations in a country (Ecuador) that has adopted another currency as its official or legal currency (the US dollar), when there is no deep market for high quality corporate bonds denominated in US dollars in Ecuador. The IC concluded that the requirements in IAS 19 provide an adequate basis for an entity to determine the discount rate in this situation and decided not to add the issue onto its agenda.

Staff analysis on comment letters received

Two comment letters were received, both agreeing with the tentative agenda decision. No substantive comments were raised.

Staff recommendations

The Staff recommend that the IC finalise the agenda decision.


The IC approved the Staff recommendation without any discussion.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.