Price of Iranian Rial in Pakistan’s Open Market! Big News for Buyers

KARACHI: A bundle of 10 million Iranian Rials has reached Rs 8,000 to Rs 10,000 in Pakistan’s open market.

According to details, the prices of Iranian Rials in Pakistan’s currency market continue to rise at an extraordinary pace. Today, May 11, 2026, according to currency dealers in Karachi, Lahore and Quetta, a bundle of 10 million (10 million) Iranian Rials is being sold between Rs 8,000 and Rs 10,000.

Interestingly, despite the extremely low value of the Iranian Rial in the international market, it is being sold in Pakistan at a premium of three to four times its original price.

In the Pakistani open market, 10 million Rials  Rs 8,000 to 10,000, while under the international official rate, 10 million Rials ≈ only Rs 2,125.

According to currency experts, there are two reasons behind this demand. One is that local investors hope that the recent diplomatic talks between the US and Iran and a possible easing of sanctions will increase the value of the rial, which will allow them to earn big profits.

Secondly, the cash requirement of the rial for informal trade through Balochistan, especially transactions in petroleum products and food items, is supporting its value.

Economists have warned that this increase in the price of the Iranian rial is purely based on local demand and speculation. Fluctuations in global currency rates and sudden changes in political conditions can cause big losses for small investors, so citizens have been advised to be cautious.