In A Rich Man’s World: Iranian currency flows into city

PESHAWAR: After the removal of sanctions against Iran by the international community, the exchange of Iranian currency has started in Peshawar. In only one week, the rate of exchange of Iranian rial (IRR) has increased by 33%. Previosuly in Peshawar, IRR 10 million was equal to PKR 32,000. However, the exchange rate currently stands at IRR 10 million equal to PKR 46,000. The sanction on Iran was lifted last week.

Published in The Express Tribune, January 24^th, 2016.