Due to the continuous decline in the value of the Iranian rial, people investing in this currency in various areas, including Peshawar, are facing severe financial losses.
According to sources, when tension and war situations increased in the region in the past, there was an extraordinary increase in investment in the Iranian rial during this period.
Initially, the price of one crore Iranian rials was being reported to be around 12 thousand Pakistani rupees, but now the situation has changed dramatically. In the current situation, the price of one crore Iranian rials has decreased to around 5 thousand Pakistani rupees, due to which investors are facing heavy losses.
According to currency dealers in Peshawar, there has also been a clear decrease in the buying and selling of Iranian rials, while instructions have also been issued to take action against elements involved in illegal currency dealing.
Sources say that a large number of investors have been affected by this sudden decline and there is uncertainty in the market.
Read also: Reports suggests bright future of Iranian Rial in Pakistan
