The Ministry of Supply proposed an initiative to exempt Egyptians coming to Egypt from fees when they buy gold from abroad. Under the initiative, any Egyptian coming from abroad is exempt from fees imposed on between 100 and 150 grams of gold, which is equivalent to three gold bars weighing 50 grams per bar. The proposal, put forward by Minister of Supply and Internal Trade Ali al-Moselhy, was due to a shortage in the gold in the Egyptian market, explained the Advisor to the Minister of Supply for Gold Affairs Nagy Farag. The proposal aims to find a mechanism to provide gold supplies in the Egyptian market in order to stabilize prices, he added. In televised statements, Faraq explained that
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