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Global size of illicit drug economy: $360 billion Global size of FX market: $7.5 trillion per day It's not small money, but it's not that big compared to fina
by gadders 4y ago
Global size of illicit drug economy: $360 billion
Global size of FX market: $7.5 trillion per day
It's not small money, but it's not that big compared to financial markets.
- fogforthought93 4y agoIdk where you got that figure for the drug economy but $360B per year is on the low-end and likely outdated. Going off a UN report from the 90s, the illicit drug trade is similar to international trade in oil and gas—that's the order we're talking about. Remember this is a commodity, so it's a bit misleading to compare it the flow of money in foreign exchange markets. UNDCP Technical Series Number 6:ECONOMIC AND SOCIAL CONSEQUENCES OF DRUG ABUSE AND ILLICIT TRAFFICKING.