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#egypt dollar

The prices of basic commodities distributed through ration cards will increase in the next period, Egypt’s Minister of Supply and Internal Trade, Ali El-Moseilhy announced at a press conference on Sunday, April 30. The minister explained that the government will no longer be able to fund or provide these subsidised commodities due to higher inflation, and that the government has also reduced the stock of items that are imported from abroad. The government is considering to adopt alternative currencies other…