Over a Third of Cigarettes Contraband
Economy, Domestic Economy

Over a Third of Cigarettes Contraband

Contraband cigarettes account for 35-40% of the domestic market, a former CEO of Iranian Tobacco Company said. Mohammad Hossein Barkhordar was also quoted as saying by ISNA that close to 8.5 billion sticks of cigarettes were smuggled into the country in the last Iranian year (March 2015-16), indicating a 29% decline compared to the previous year, according to Iran’s Headquarters to Combat Smuggling of Commodities and Foreign Exchange. Some 29 billion cigarettes were also produced inside the country during the same period, while imports stood at 16.4 billion. In the capital city Tehran, cigarettes and tobacco topped the list of confiscated smuggled goods during the first two months of the current Iranian year (started March 20), according to Tehran’s Industries, Mining and Trade Organization.

Short URL : http://goo.gl/lkc58x
  1. http://goo.gl/3TdK4y
  • http://goo.gl/9EE71o
  • http://goo.gl/WUUHuU
  • http://goo.gl/KYkK6Q
  • http://goo.gl/xENOmB

You can also read ...

On Sunday, the rial traded at 46,130 to the dollar, up 1.8%. 
With its foreign exchange package now in full swing, the...
Iran Decision on FATF Agenda
The Financial Action Task Force–the global anti-money...
Iran-Greece Trade Tops $1.5 Billion
Iran exported more than €1.26 billion worth of goods to Greece...
Telegram Raises $850m From Investors Before Planned ICO
The chat app company Telegram filed documents with the US...
Ban on Contraband Cellphones in Iran Reaches LG
Following the government’s belated policy of curbing cellphone...
Intel Hit With  32 Lawsuits
Intel has revealed that the company is facing at least 32...
Iran and Turkey finalized the $1.4 billion currency swap agreement.
Iran has signed memoranda of understanding and protocols...
Facebook has to delete all data it has gathered on Belgian citizens.
A Belgian court threatened Facebook (FB.O) on Friday with a...