Egypt to sell discounted bread to fight inflation ...Kuwait

The New Arab - News

Egypt's government will start selling discounted bread to people not enrolled in its bread subsidy programme as it battles accelerating inflation, the supply minister said on Monday. People will be able to buy 90g loaves at cost price using pre-paid cards, Ali Moselhy said, adding the price was yet to be decided but would be less than 1 Egyptian pound ($0.03), with a trial period starting on Wednesday. "The point is to make this important commodity available without any exaggeration in profits by commercial bakeries," he said. Last December, the IMF said that Egypt's IMF program included policies aimed at reducing inflation in Egypt. How is that working? Like many IM

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Last updated : 17 January 2023 clock 03:04 PM

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Egypt to sell discounted bread to fight inflation ...Kuwait

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