Egypt – Egyptian Cabinet spokesman, Mohamed Al-Homsani, confirmed that the Prime Minister is following up on what was agreed upon regarding reducing commodity prices by a rate ranging between 15% to 20%, during the past 48 hours.
He added during a phone call to the “Sabah Al-Balad” program, broadcast on “Sada Al-Balad” satellite channel, on Thursday morning, that some companies began announcing a 15% price reduction yesterday, saying that there is a decrease of up to 30% in the prices of basic commodities after Eid Al-Fitr. .
He pointed out that the government, in addition to continuing to reduce commodity prices, is working to provide dollar liquidity and release goods and production requirements from Egyptian customs, noting that controlling the exchange rate contributes to balancing the markets.
He pointed out that the dollar exchange rate decreased by up to 40%, explaining that it reached 72 pounds in the parallel market, and has now decreased in banks to about 46 pounds.
He stated that the Council’s teams are following up on the implementation of the decision to set the prices of strategic commodities, adding that many researchers at the Information and Decision Support Center are following the prices of commodities in the markets, and the government’s efforts to control prices.
He explained that there are teams formed by the Ministry of Supply, and committees from the ministry in each governorate, that follow up on the implementation of the Prime Minister’s directives, and the commitment to setting prices on goods, and discounts in shops and chains.
He continued: “The teams are formed and their reports will be presented starting today to the Prime Minister, to show the extent of commitment to reducing the price and working to implement all the decisions and agreements reached with company owners and manufacturers.”
Source: Al-Shorouk
#Egypt. #Urgent #government #action #Eid #alFitr
2024-03-29 10:33:48