25% increase in Iranian Riyal’s value with regard to Pakistani rupee

Written by  Published by:Shiite News
Published in Pakistan
Tuesday, 19 January 2016

25% increase in Iranian Riyal’s value with regard to Pakistani rupee

Shiite News: Iranian Riyal’s rate has soared high after the uplifting of economic sanctions and its rate has increased 25% with regard to Pakistani rupee. This showed a new way to those involved in currency businesses and a large number of people are seen buying Iranian currency. According to forex market dealers, prior to the uplifting of sanctions, 10 lacs Iranian Riyal equaled to 32 thousand Pakistani rupees but now they have become equal to 40 thousand Pakistani rupees which means that there is an increase worth 8 thousand Pakistani rupees in the value of 10 lacs Iranian Riyal.

Iran is one of the countries having vast reserves of crude oil and gas but Iran’s oil exports became extremely limited due to economic sanctions but now since the sanctions have been lifted, the exports are also expected to increase due to which crude oil’s prices are under pressure at international level.

Sources told that the recent increase in the value of Iranian currency is only trivial and if the sanctions keep on uplifting then Iranian currency will soar very high at international level.

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