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[size=52]“Indomie” in Iraq: A popular dish or a dollar smuggling?[/size]
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11/10/2024
Iraqi economic expert Nabil Al-Marsoumi raised an interesting question about the relationship between importing “Indomie” and dollar smuggling, based on data from the General Authority of Customs.[/size]
[size=45]Al-Marsoumi said in a statement, “Is there a relationship between Indomie and dollar smuggling?” indicating that “Iraq imported about 64,185 thousand tons of Indomie in 2023 through all border crossings except the Kurdistan Region, at a value of 17.7 million dollars, or the equivalent of 23.6 billion dinars.”[/size]
[size=45]He explained that "this number represents an increase of 18% compared to 2022."[/size]
[size=45]Al-Marsoumi added that this number is likely to rise to more than $50 million annually, especially since two-thirds of Iraq’s imports are not registered with the General Authority of Customs, but rather pass through Kurdistan’s ports and illegal ports.”[/size]
[size=45]Al-Marsoumi cited the US Federal Reserve’s surprise at the import bills for Indomie, which he described as very large and much larger than the announced figures.[/size]
[size=45]He raised a question about whether these imports actually reflect the Iraqis' love for this food item or whether they represent a means of smuggling dollars abroad.[/size]
[size=45][You must be registered and logged in to see this link.]
[size=52]“Indomie” in Iraq: A popular dish or a dollar smuggling?[/size]
[size=45][You must be registered and logged in to see this image.]
11/10/2024
Iraqi economic expert Nabil Al-Marsoumi raised an interesting question about the relationship between importing “Indomie” and dollar smuggling, based on data from the General Authority of Customs.[/size]
[size=45]Al-Marsoumi said in a statement, “Is there a relationship between Indomie and dollar smuggling?” indicating that “Iraq imported about 64,185 thousand tons of Indomie in 2023 through all border crossings except the Kurdistan Region, at a value of 17.7 million dollars, or the equivalent of 23.6 billion dinars.”[/size]
[size=45]He explained that "this number represents an increase of 18% compared to 2022."[/size]
[size=45]Al-Marsoumi added that this number is likely to rise to more than $50 million annually, especially since two-thirds of Iraq’s imports are not registered with the General Authority of Customs, but rather pass through Kurdistan’s ports and illegal ports.”[/size]
[size=45]Al-Marsoumi cited the US Federal Reserve’s surprise at the import bills for Indomie, which he described as very large and much larger than the announced figures.[/size]
[size=45]He raised a question about whether these imports actually reflect the Iraqis' love for this food item or whether they represent a means of smuggling dollars abroad.[/size]
[size=45][You must be registered and logged in to see this link.]
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