Wednesday, February 12, 2020

Egyptians fear cash subsidies would send prices soaring

Many Egyptians, especially the poor, are concerned by the government’s apparent intention to replace food ration cards with cash subsidies. The Council of Ministers has said it is considering the change, but has yet to unveil the details of its discussions. In a Jan.14 interview on DMC News, Egyptian Minister of Supply and Internal Trade Ali Moselhi expressed his ministry's preference for the cash payments program. He said cash subsidies aim to increase the system's efficiency and will not reduce the value of subsidies in any way. Read More