Egypt Plans to Increase Prices of Subsidised Commodities: Ministry of Supply and Internal Trade ...Egypt

Egyptian Streets - News
Egypt Plans to Increase Prices of Subsidised Commodities: Ministry of Supply and Internal Trade
source : Egyptian Streets ( Egypt ) () 44
A woman shops at a vegetable market in Cairo, Egypt. Photo Credit | Reuters/Mohamed Abd El Ghany The prices of basic commodities distributed through ration cards will increase in the next period, Egypt’s Minister of Supply and Internal Trade, Ali El-Moseilhy announced at a press conference on Sunday, April 30. The minister explained that the government will no longer be able to fund or provide these subsidised commodities due to higher inflation, and that the government has also reduced the stock of items that are imported from abroad. The government is considering to adopt alternative currencies other than the dollar for trading commodities to address the dollar deficit. El-Mosilhy s

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