The Egyptian Customs Authority released in the last ten days USD 1.7 billion (EGP 82.2 billion) worth of commodities from various ports all over Egypt, intending to reduce inflation and stabilize prices, according to Egypt’s Minister of Finance, Mohamed Maait. The release follows an Egyptian government announcement on 4 March that commodities held at ports nationwide, including food, animal feed, production supplies, essential goods, and medicine, would be released to help reduce inflation and stabilize market prices. Commodities have been accumulating at Egyptian ports due to a shortage of foreign currency to release them. However, the decision to release various commodities this month was
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