Iranian rial gains sharply as demand surges following reported agreement with the United States, with billions traded in a single day.
IRAN: (UrduPoint/UrduPoint/Pakistan Point News-June-16,2026) Following a reported agreement with the United States, the Iranian rial witnessed a sharp increase in value in the Currency market.
According to market data, the value of 10 million Iranian rials rose by 1,500 Pakistani rupees in a single day, reaching around Rs4,000 in the open market.
The Exchange Companies Association of Pakistan said that around Rs25 billion worth of Iranian rials were traded on the first day after the deal was announced.
Chairman Malik Bostan stated that demand for Iranian rial has seen an unusual surge even today, indicating continued strong market interest.
