Iran cannot be trusted to provide a secure political and economic environment for businesses to operate. Iran has high country risk, including high transfer risk, exchange rate risk, sovereign risk, and political risk:

• Transfer risk: Foreign businesses in Iran risk capital being locked up or frozen due to arbitrary, anti-Western government actions or renewal of sanctions

• Exchange rate risk: The Iranian rial is considered one of the least valuable currencies in the world

• Sovereign (credit rating) risk: Iran lacks S&P and Moody’s credit ratings

• Political risk: Regime stability and peaceful conditions in Iran are not guaranteed due to the regime’s systematic corruption and oppression at home as well as military belligerence in the region