Economy, Domestic Economy
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Contraband Seized

Contraband SeizedContraband Seized

Tehran police confiscated two containers of contraband carrying foreign clothes, bags and stationery worth 11.5 billion rials ($325,779) over the weekend, IRNA reported. According to Iran’s Anti-Smuggling Organization, the estimated value of goods smuggled in and out of the country during the past Iranian year that ended in March was $15 billion. Cigarettes, cellphones, apparel, cosmetics and medicine currently top the list of the contraband in the domestic market. Fuel, which once was the most favored commodity smuggled out of the country due to its cheap prices, no longer features on the list.

Financialtribune.com