Egypt to Release Goods at Ports in Effort to Stabilize Prices and Alleviate Currency Shortage ...Egypt

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Egypt to Release Goods at Ports in Effort to Stabilize Prices and Alleviate Currency Shortage
To address the severe shortage of foreign currency and stabilize prices, the Egyptian government announced on Monday 4 March plans to release goods held at various ports across the country.  President Abdel Fattah al-Sisi has directed the government to prioritize the immediate release of essential commodities, including food, medicine, animal feed, and production requirements Prime Minister Mostafa Madbouly emphasized the urgency of expediting the release process, and the Central Bank of Egypt (CBE) and relevant ministries will be coordinating efforts to ensure the swift release of the goods.  The accumulation of goods at Egyptian ports has been a pressing issue due to the foreign currency s

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