The value of the Iranian Rial has increased despite the war due to investors buying Iranian rials in large quantities and Iran buying two million dollars in toll tax from ships passing through the Strait of Hormuz.
Malik Bostan, Chairman of the Exchange Companies Association of Pakistan, told the BBC in an interview that before the war, one crore Iranian Rials were available for 2,500 rupees, but now one crore Iranian Rials are available for 10,000 Pakistani rupees. People believe that the war will end soon and the sanctions on Iran will also be lifted, after which the value of the Iranian Rial will increase significantly. That is why people are buying large quantities of Iranian currency and investing.
Malik Bostan said that Iran’s move to collect a toll tax of two million dollars from ships passing through the Strait of Hormuz has also led to the strengthening of the Iranian currency. Iran has asked ships passing through the Strait of Hormuz to pay tolls in Iranian Rials and Chinese yuan, which has had a positive impact on the Iranian currency and has recorded a significant increase in its value.
It should be noted that since the war that began after the US and Israel attacked Iran, a large increase in the value of the Iranian Rial against the Pakistani rupee has been recorded. More than a month has passed since the war began.
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