Good news for Iranian rial buyers as 10m worth Rs5,000 in Pakistan

The latest decline has attracted the attention of currency buyers and cross-border traders.

The Central Bank of Iran has announced new official exchange rates for foreign currencies. The updated rates show that the Iranian rial has weakened further against major international currencies.

According to the new official rates, one US dollar is valued at 1,436,205 Iranian rials. One euro has been set at 1,633,131 Iranian rials.

In Pakistan’s open market, 10 million Iranian rials are currently being sold for around Rs4,500 to Rs5,000. Currency dealers say there is a significant difference between Iran’s official rates and the open market exchange rates.

Currency experts have advised traders doing business with Iran to remain careful. They say the Iranian rial may continue to fluctuate, making careful financial planning important.

Meanwhile, under Iran’s authorised “SANA” currency trading system, the US dollar is trading at 1,517,879 Iranian rials. The euro is being traded at 1,725,994 Iranian rials.

According to Iran’s central bank, the official value of Pakistani currency has also been updated. Based on the official rate, Rs100 is equal to 517,104 Iranian rials, meaning one Pakistani rupee is worth about 5,171 Iranian rials.

On the other hand, the US dollar is trading between 1,860,000 and 1,890,000 Iranian rials in Iran’s open market. This is much higher than the official exchange rate announced by the central bank.

The wide gap between the official and open market rates reflects continued pressure on Iran’s currency market. It also highlights the challenges faced by businesses and individuals dealing in foreign exchange.

The sharp decline in the Iranian rial could affect cross-border trade and currency transactions between Pakistan and Iran. If the currency remains under pressure, traders may face greater uncertainty and exchange rate risks in the coming weeks.

According to the latest exchange rates, the Iranian rial has shown signs of improvement in recent days, even as regional uncertainty persists following recent US strikes and Iran's reported response in the Strait of Hormuz.

Data released by the Central Bank of Iran (CBI) on July 14, 2026, showed the official exchange rate at 1,359,712 Iranian rials per US dollar, slightly higher than the previous day's rate of 1,358,323 rials. Meanwhile, the official euro rate eased to 1,550,497 rials.

The report also stated that 100 Pakistani rupees were equivalent to 489,083 Iranian rials under the official rate. In Pakistan's open market, a packet containing 10 million Iranian rials continues to sell for approximately Rs6,000 to Rs7,000.

According to Iran's SANA exchange system, the US dollar was trading at around 1,496,270 rials, while the euro stood at 1,706,216 rials. In the open or black market, the dollar ranged between 1.81 million and 1.84 million rials, highlighting the significant gap between official and market exchange rates.

Economists say demand for the Iranian rial in Pakistan is being driven by expectations that easing sanctions, improved Iran-US relations, and a recovery in Iranian oil exports could strengthen the currency. However, they caution that purchasing rials at elevated open-market prices remains a high-risk investment due to geopolitical uncertainty and exchange rate volatility.

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