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Rise in Customs Revenues, Fall in Smuggling
Economy, Domestic Economy

Rise 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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