The Organization for Economic Co-operation and Development (OECD) has upgraded Iran from high-risk to moderate-risk for trade. Taadol newspaper writes that this upgrade can entail an increased ceiling in financing and reduced fees for insurance premiums. Iran’s best ranking dates back to 2006 when Iran was placed in category 4. Afterwards and following the sanctions, Iran was downgraded to the most high-risk group. Arash Shahrayeeni, Member of the Board of Directors at the Exportation Guarantee Fund, says that clearing Iran’s 3 billion dollar debt which was due to the closing of banking channels, was one of the main causes of improvement in Iran’s financial risk ranking. Based on statistics from the International Monetary Fund, in some criteria Iran has shown improvement compared to 2006; for example, Iran’s foreign currency reserves are currently at 19 months which is twice as that of 2006, meaning that even though the international income resources for whatsoever reasons halt, the country can continue importing goods and services for 19 months.
