Cost to Buy AK-47 Bullets in Iraq

According to charity Oxfam, bullets are being sold on the black market in Iraq at a cost of 15 cents to 45 cents per bullet.

Worldwide, up to10 to 14 billion bullets are produced, an average of 33 million per day.  The market in small arms ammunition is worth between $2 to $3 Billion per year.

(Prices of AK-47s and other weapons on the black market.)

Source: “Bullets ‘flooding Baghdad market’,”BBC News, June 15, 2006.

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