IRR to PKR Currency Converter - 1 Iran Rials To Pakistan Rupee

IRR to PKR

The exchange rate between IRR to PKR is around 0. This exchange rate is never constant. The exchange rate keeps on changing depending on the economic conditions of both countries. In this article, we will relate both currencies to see how they vary according to each other.

IRR

The IRR is the official currency of Iran. It is also known as Rial. There is no official symbol for this currency. But most people have known this as ISIRI 820. The currency’s name has been replaced by toman. One toman is divided into 10 Rials.

If we compare the IRR currency to the USD currency, the results are poor. The exchange rate between the IRR currency and the USD currency is around . It proves that the IRR currency is the least valued currency, the lowest currency to the USD.

Uniformly, if we compare it to the other currencies worldwide, it is still the weakest currency. The IRR currency ranks on number 1 in the weakest currencies in the world. The currency has plummeted to its lowest value against the world.

If we talk about the reasons for being the lowest currency in the world, then there are many. The war between Iraq and Iran and also Israel is threatening it. Also, the fear of nuclear warfare is a significant threat to the economy of Iran. These are some of the reasons IRR currency is not represented in the international market. Also, the imports and exports of the country are not in the flow. All these issues ultimately caused this currency situation.

PKR

The PKR is the official currency of Pakistan. It is also known as Rs. The PKR currency was subdivided into 100 Paisa. But later on, the value has been updated. Now coins and notes represent the PKR currency. The Central Bank, State Bank of Pakistan, has the authority to circulate the currency. The larger values are from thousands up to Kharab and much more.

By comparing the PKR currency to the USD currency, we have seen a considerable difference. The exchange rate of both countries is around , which is too high. It has led the PKR currency’s value to the least.

Similarly, If we compare the PKR currency to other currencies globally, it still has bad impacts. The well-developed country’s currencies are much valuable as compared to PKR. It has lowered the PKR currency’s value. Furthermore, the PKR currency is being downgraded in the international market.

If we come towards the reasons for being a lower currency, then there are so many. But significant factors include the amount of loan taken by the IMF, bad political history, and not showing interest in the international market.

IRR and PKR

If we compare both currencies, the IRR currency is a devalued currency. The IRR currency is the cheapest and least valued currency in the world. 60% of Iran's population lives under the poverty line. Also, there are more than 60,000 street children in Iran. It has led the IRR currency to face economic situations. From the above information, we can say that the PKR currency is far better than the IRR currency.