Government to monitor market control and commodity prices

He highlighted recent price decreases, aligning with the government's recent actions in collaboration with the banking sector to ensure an adequate supply of foreign currency, thereby boosting the availability of goods and commodities during this period.

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Thu, Apr. 4, 2024

Prime Minister Mostafa Madbouly led a meeting on Thursday to review the outcomes of the High Committee for Market Control and Commodity Prices.
 
At the start of the session, the Prime Minister underscored the significance of convening such meetings weekly to regularly monitor market trends and commodity prices.
 
He highlighted recent price decreases, aligning with the government's recent actions in collaboration with the banking sector to ensure an adequate supply of foreign currency, thereby boosting the availability of goods and commodities during this period. 
 
He assured that the government is closely monitoring the price declines, stating, "We will address any challenges, prioritizing the reduction of prices to benefit citizens, in line with the President's directives on this matter."
 
Madbouly stressed the importance of anticipating another wave of price reductions post-holiday, particularly as the current foreign currency availability remains stable, and any requests for releasing goods from the banking system are being addressed.