Different currencies are prevalent in all the countries of the world. But today we are going to tell you about a country where 1 rupee of India is equal to 500 rupees. This country is among the largest oil producing countries in the world, but due to American sanctions, the condition of that country is bad. Yes, you have recognized it right, we are talking about Iran. Know why India’s 1 rupee is equal to Iran’s 500 riyals.
The value of 1 rupee in Iran
Let us tell you that Iran’s economic The condition is very bad. One rupee of India is equal to 507.22 Iranian Rial of Iran. This means that if an Indian goes to Iran with Rs 20,000, he will have a lot of money there. Whereas in Iran, keeping dollars is a big crime. However, no action is taken on keeping the money. Because Iran has stopped accepting dollars for the last few years. Iran now does business with many countries including India only in the local currency.
Old currency of the world
According to the information, in Iran Riyal is a very old currency. It was first introduced in 1798. But the issuance of Riyal was stopped in 1825, but then it was issued again. At the same time, the Riyal has started falling rapidly since the year 2012. By June 2020, the Iranian rial had fallen almost five times since the beginning of 2018.
Inflation increased
Let us tell you that Iran’s inflation rate in 2022 It was 42.4%, which is the tenth highest in the world. Due to this, unemployment has also increased there. However, most of the people in Iran prefer to do their work instead of employment. Only 27.5 percent of the population there is in formal employment.
Potential for tourism
There is a lot of potential for tourism in Iran. Incredible architecture can be seen there along with spectacular views of nature. The people here warmly welcome the guests. The civilization here is more than 7000 years old. Iran has snow-clad mountains, lush green, deep forests, picturesque dunes and dry deserts with salt lakes. Green forests are found in the northern areas of Iran.
Indian rupee is worth more in these countries
Sierra Leone’s economy is also in bad times. Is passing through. Yes, one Indian rupee is equal to Rs 238.32. Similarly, in Indonesia, the value of 01 Indian rupee is equal to 190 rupees. In Vietnam this price is around Rs 300. Let us tell you that you can travel in these countries for less money.
Also read: Know the price of the watch worn by Anant Ambani, the company makes only 5300 watches in a year.