KARACHI/TEHRAN (Alliance News, July 25): The Iranian rial continued to lose value against major foreign currencies, including the Pakistani rupee and the US dollar, according to the latest exchange rates released by the Central Bank of Iran (CBI) on Saturday.
The CBI reported that the official exchange rate for the US dollar rose to 1,414,300 Iranian rials, up from 1,404,259 rials recorded on July 23, reflecting a further depreciation of the Iranian currency.
Similarly, the value of 100 Pakistani rupees increased to 509,182 Iranian rials, compared with 505,454 rials two days earlier.
According to the central bank, 44 foreign currencies appreciated against the Iranian rial, while only two recorded a decline.
The euro also gained strength, rising to 1,610,084 rials from 1,602,711 rials. Under Iran’s SANA foreign exchange system, one US dollar was officially valued at 1,514,675 rials, while one euro stood at 1,724,354 rials.
In the open market, however, the US dollar traded at a significantly higher level, ranging between 1.92 million and 1.95 million Iranian rials, highlighting the widening gap between official and market exchange rates.
In Pakistan’s open currency market, one crore Iranian rials was being exchanged for approximately Rs4,500 to Rs5,000, compared with Rs8,000 to Rs9,000 in June, indicating a sharp decline in the rial’s value against the Pakistani rupee.
Based on the Central Bank of Iran’s latest exchange rate, one Pakistani rupee equals approximately 5,092 Iranian rials, while one Iranian rial is worth around 0.000196 Pakistani rupees.
Currency dealers said the free market remains the primary benchmark for private transactions, with Pakistani traders and households continuing to monitor the Iranian rial amid expectations that any diplomatic progress and easing of regional tensions could support the currency’s recovery.
Analysts cautioned that the rial’s performance remains highly volatile and will continue to depend on regional geopolitical developments and Iran’s broader economic outlook.
