Egypt to sell discounted bread to fight inflation

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Egypt to sell discounted bread to fight inflation

STORY: Egypt to sell discounted bread to fight inflation DATELINE: Jan. 17, 2023 LENGTH: 00:00:53 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of Egypt's Ministry of Supply and Internal Trade 2. various of Ali al-Moselhy, Minister of Supply and Internal Trade, speaking in a press conference 3. various of bread baking STORYLINE: The Ministry of Supply and Internal Trade in Egypt said on Monday the government will start selling discounted bread to people not enrolled in its bread subsidy program as it battles accelerating inflation. Minister of Supply and Internal Trade Ali al-Moselhy said citizens will be able to buy 90 grams of loaves at cost price using pre-paid cards, adding the price is yet to be decided but would be less than 1 Egyptian pound (about 0.034 U.S. dollars), with a trial period starting on Wednesday. Moselhy said the measure aims to make this important commodity available without any exaggeration in profits by commercial bakeries. The Egyptian government has already been provid

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