Following a 60-day peace agreement between Iran and the United States, demand for Iranian currency in Pakistan has increased, which has pushed up prices.

According to details, after the peace deal, citizens in Pakistan purchased Iranian rials worth 3 trillion within five days, while due to rising demand, the value of Iranian currency in the open market increased by 100 percent.

This was confirmed by Chairman of the Exchange Companies Association, Malik Bostan, who said that during the past five days a significant increase has been seen in the purchase of Iranian rials by the middle class.

He said that earlier 1 crore Iranian rials were available for 2,000 rupees, whereas now 1 crore rials are being sold for 4,000 rupees. Malik Bostan appealed to the public to buy rials only from licensed money changers to avoid fraud.

He added that buying increased after the Iran–US agreement was signed.