Egypt slashes prices of daily necessities amid currency inflation

STORY: Egypt slashes prices of daily necessities amid currency inflation SHOOTING TIME: April 5, 2024 DATELINE: April 6, 2024 LENGTH: 00:02:34 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of Cairo citizens shopping at markets 2. SOUNDBITE (Arabic): AMEL ABDEL-QAWY MOHAMED, Director of Supply Department in Cairo's Masr El Gedida neighbourhood 3. various of daily necessities STORYLINE: Egyptian government is expanding the supply of daily necessities by giving discounts ranging from 15 to 20 percent. Markets have already made considerable decreases in prices such as those of poultry and eggs starting from last Tuesday, as the government aims to slash prices of food commodities by 30 percent in the coming weeks in collaboration with the private sector. SOUNDBITE (Arabic): AMEL ABDEL-QAWY MOHAMED, Director of Supply Department in Cairo's Masr El Gedida neighborhood "Of course, we are in the process of carrying out this initiative by decreasing prices, from 15 to 20 percent, of the basic or the stra