57048
Contraband Worth $7.5m Confiscated in Tehran
Contraband Worth $7.5m Confiscated in Tehran
  1. Economy
  2. Domestic Economy

Contraband Worth $7.5m Confiscated in Tehran

  1. Economy
  2. Domestic Economy

Contraband Worth $7.5m Confiscated in Tehran

Some 300 billion rials ($7.5 million at market exchange rate) worth of contraband, including mini-computers, professional cameras and powerful servers, have been confiscated in Tehran.
This was announced by the spokesman of Iran’s Headquarters for Combating the Smuggling of Commodities and Foreign Exchange, Qasem Khorshidi, on Saturday, IRNA reported.
“The anti-smuggling operation was conducted jointly by the Islamic Republic of Iran Customs Administration and the Ministry of Intelligence,” he said.
Earlier, the headquarters put the value of the confiscated contraband during the first half of the current Iranian year (started March 20, 2016) at 70 trillion rials ($1.75 billion).
About $15.5 billion worth of goods were smuggled into and out of Iran in the last Iranian year (March 2015-16), registering a 27.7% decline compared to the previous year.
Director General of the Islamic Republic of Iran Customs Administration Masoud Karbasian said smuggling will see a sharp decline and reach $6 billion by the end of the current Iranian year (March 20, 2017). Apparel, foodstuff, mobile phones, gold ingots and household appliances top the list of incoming contraband, accounting for 41% of the smuggled goods. Fuel is the main item smuggled out of Iran due to its cheap price compared to that in neighboring countries like Turkey and Pakistan

Short URL : https://goo.gl/8rz8gS
  1. https://goo.gl/zlqG0Y
  • https://goo.gl/4yg1Ni
  • https://goo.gl/g3362l
  • https://goo.gl/AydO8Q
  • https://goo.gl/HufEsD

You can also read ...

BPI will hold the Second Fintech Trig-Up during the  festival on March 8-10.
The exponential growth of fintech startups in Iran, along with...
Japan Planemaker Holds Off Iran Plans Amid Trump Uncertainty - (Photo: atwonline.com)
Japan’s Mitsubishi Aircraft Corporation has put on hold its plan...
Russia, Iran to Revitalize Banking Cooperation
Bank Melli Iran and the Central Bank of Russia have agreed to...
Vehicle Insurance About to Get Fairer
A number of provisions in a revised law pertaining to motor...
Annual Exports to Afghanistan Reach $2.8b
Afghanistan imports some $2.8 billion worth of commodities from...
Money and Credit Council decided in September to lower the minimum capital requirement to establish a bank in free trade zones.
Since three years ago, the Central Bank of Iran has endeavored...
Iran aims to export between 20 and 25 million tons of steel annually by 2025.
Iran has hired an attorney and plans to fight the European Steel...
2 New Peugeots Coming
Iran’s auto market will receive two new imported Peugeots by...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus