(3 Minutes Read)
Egyptian Prime Minister Mostafa Madbouly directed a plan to gradually release goods in customs with priority to food commodities, medicines, and feed. This directive was given recently to monitor the provision of necessary financing in foreign currency for strategic goods and medicines.
Egyptian Prime Minister Mostafa Madbouly directed a plan to gradually release goods in customs with priority to food commodities, medicines, and feed. This directive was given recently to monitor the provision of necessary financing in foreign currency for strategic goods and medicines. The Prime Minister also reviewed some reports that monitor the total food commodities, medicines, and fodder in customs, where it was noted that the total currently in stock is worth about USD 1.3 billion.
The meeting was attended by key officials, including Central Bank of Egypt Governor, Hassan Abdalla, Minister of Supply and Internal Trade, Ali Moselhy, Minister of Agriculture and Land Reclamation Sayed El Quseir, and others.
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Governor of the Central Bank of Egypt, Hassan Abdalla confirmed during the meeting that there was a current priority agenda in the works. On top of the agenda is providing foreign exchange financing for strategic goods and medicines, and coordination is already being done with the ministries and concerned authorities in this regard. The meeting also discussed the expected prices for supplying wheat ardeb this year, as supply prices are expected to rise in light of the high inflation rates.
