National Accounts >> Towards 1993 SNA Rev.1 >> 1993 SNA Update Information >> 1993 SNA Update Issues/Clarifications >> Issue 8 >> Country Comments
 

Country comments for issue:
Interest under high inflation

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Issue description
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The treatment of nominal holding gains and interest on financial assets under conditions of high inflation was described in the 1993 SNA (Chapter XIX, Annex B) and subsequently in the OECD publication A Manual on Inflation Accounting. These two publications take different approaches, however. What should appear in the 1993 SNA Rev. 1.

Statistics
Number of country comments posted below:5 

Date
posted		SourceComment
2006-09-15LatviaAfter deep discussions and expert consultations we basically support the 1993 SNA Update Issues.
2006-09-15United KingdomWe agree with all the recommendations made by the AEG.
2006-07-27EgyptIt is too difficult to estimate real rate of interest as now recommended by SNA93.
2006-07-24NepalLike the value of other assets the value of financial assets also devaluates. Therefore, it is quite reasonable to estimate real rate of interest as recommended by 1993 SNA. The treatment for nominal interest rate adjusted by inflation (price level) come up with real interest (negative in high inflationary situation) seems to be appropriate.
2006-01-26IsraelThe following comments are a translation and an update of an internal document prepared in 2002 following problems with registration of negative “real interest” in the national accounts of Israel.
israel8;