Economy, Domestic Economy

Rise in Customs Revenues, Fall in Smuggling

Rise in Customs Revenues, Fall in SmugglingRise in Customs Revenues, Fall in Smuggling

The Islamic Republic of Iran Customs Administration earned 140 trillion rials (close to $3.6 billion at market exchange rates) in revenues in the last Iranian year (March 2015-16), registering a 100% increase compared with two years ago, when Hassan Rouhani became president, the spokesman of Anti-Smuggling Organization, Qasem Khorshidi, said on Monday.

The official added that the increase in customs revenues is indicative of a decline in smuggling.

The estimated value of goods smuggled in and out of Iran in the last fiscal year stood at $15 billion, indicating a $10 billion decline compared to the year before President Rouhani took office.

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