Under IFRS-authorised Capital Maintenance in Units of Constant Purchasing Power in terms of a URV-based Daily Index, Zimbabwe´s economy would not have imploded in 2008. This model would today stabilise Belarus, Venezuela and (I am sorry, President Obama) Iran´s economy.
CMUCPP was authorised in IFRS in the original Framework (1989), Par. 104 (a), now the Conceptual Framework (2010), Par. 4.59 (a) which states:
"Financial capital maintenance can be measured in either nominal monetary units or in units of constant purchasing power."
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