North Korean support for Iran during the Iran–Iraq War many as 158 air strikes over a three-day period in March. It hit nearly 30 towns and cities, and struck as deep as Tehran. Iran responded to these strikes on March 12 and 14 by launching its first Scud B strikes against Iraqi cities, using what seem to have been Libyan supplied missiles, although they may have come from Syria and other deliveries came later from the PRC and/or North Korea. North Korean support for Iran during the Iran–Iraq War North Korea supported Iran during the Iran–Iraq War for oil and foreign exchange by selling both domestically produced arms to
Export Development Bank of Iran of the recent upgrade of Iran’s Sovereign Long-Term Foreign Currency Rating (FCR) to BB-/B/Stable (from B+/B/Stable), EDBI’s Support Rating is raised to ‘2’ from ‘4’, which indicates a very high likelihood of further foreign currency liquidity and capital support being made available by the authorities. The Export Development Bank of Iran has access to the Government Fund (Sovereign Wealth Fund) administered by the National Development Fund of Iran [NDFI] which was founded in 2011. The NDFI has so far signed agency contracts with different Iranian banks including Exports Development Bank of Iran (EDBI) to allocate US$9 billion for supporting investments