Iranian Rial trading remains active in Pakistan despite rising regional tensions

Trading of the Iranian rial continues in Pakistan's open currency market despite renewed tensions between Iran and the United States, with many buyers expecting the currency to gain value in the future.

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.

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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.