A sharp decline has been recorded in the value of the Iranian rial, following which 10 million Iranian rials are now worth around Rs5,000 in Pakistan.
The Central Bank of Iran has issued new official exchange rates for foreign currencies, showing a further depreciation of the Iranian rial. The currency has become cheaper against major global currencies, including the Pakistani rupee.
According to the Central Bank of Iran, on July 29, 2026, the official value of the US dollar rose from 1,421,105 rials to 1,436,205 Iranian rials, while the euro reached 1,633,131 rials.
Meanwhile, on the Sana system used by authorised money changers, the US dollar is trading at 1,517,870 rials and the euro at 1,725,994 rials.
According to the latest official figures, 100 Pakistani rupees are valued at 517,104 Iranian rials, meaning that at the official exchange rate, one Pakistani rupee is now equivalent to approximately 5,171 Iranian rials.
In contrast to the official figures, the actual price of the US dollar in Iran’s open market is currently between 1.86 million and 1.89 million rials.
In Pakistan’s open market, 10 million Iranian rials are being sold for between Rs4,500 and Rs5,000.
Currency market experts and dealers have warned traders engaged in business between the two countries that the significant gap between the official and unofficial exchange rates of the Iranian rial could lead to major fluctuations in prices in the coming days.
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