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Drug money damages world economy by $2 trillion annually
Friday January 27, 2012 03:34:20 PM,
RIA Novosti
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Moscow: Annual financial damage to the world economy from drug money
equals $2 trillion, Russia's Federal Drug Control Service head
Viktor Ivanov said.
"Narco-dollars form a market with a volume of over $500 billion
annually, while negative consequences for the real economy exceed
this amount two or three times over. The annual damage to the
world economy amounts to $2 trillion," Ivanov said in his speech
at the World Economic Forum in Davos, Switzerland, late Thursday.
"This amount equals the levels of gross domestic product in such
countries as France and the United Kingdom," he added quoting UN
experts' information.
Drug money has become a necessary part of the international
monetary system and one of the sources of the financial crisis.
The world's largest banks depend on "dirty" but liquid money from
drug sales and indirectly encourage the further production of
drugs.
As for drug trafficking from Afghanistan, Ivanov said that
criminals receive $65 billion from Afghan drug sales per year
which leads to $200 billion in annual damage to the world economy.
"A key point to liquidate international drug production is to
reform the current economy and turn to an economy without drug
money with guarantees for clear liquid assets, in other words, to
the economy of development," the drug service head also said.
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