The CEO of Export Guarantee Fund of Iran stated that the organizations activities were on the rise and covered over $2.3 billion in the past 10 months.
Kamal Seyyed-Ali said EGFI business had increased some 360 percent compared to the same period in the previous year, the Islamic Republic of Iran Broadcasting reported.
Seyyed-Ali said that in the first 12 years of EFGI activities, from 1994 to 2005, coverage issued by the fund reached about $600 million, and in the last 3 years and two months it hit a total of $3.8 billion.
He said that the fund has taken measures to further expand business and overtake all regional competition in southwest Asia in the future.