The Central Bank of Egypt is studying new pricing rules for staple goods
The meeting closed by forming a joint Chamber–ministry committee, meeting weekly to follow implementation and reporting monthly to the federation’s board.
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The meeting closed by forming a joint Chamber–ministry committee, meeting weekly to follow implementation and reporting monthly to the federation’s board.
The ministry’s representative stressed that the new rules aim at transparency in the supply chain rather than at fixing prices, and that breaches will go to the Consumer Protection Agency.
Chamber figures put the number of registered businesses at 41,000, up by 3,400 on last year, most of them in retail and logistics.
Analysts expect no immediate effect on consumer prices: current stock covers market needs at least to the end of next quarter.
A filmed report from الحدث اليوم — Food division head: stable prices are proof of ample supply.
A filmed report from eXtra news — Food division member: the markets are relatively stable.
Chamber figures put the number of registered businesses at 41,000, up by 3,400 on last year, most of them in retail and logistics.
The division head said the meeting examined the direct effect of the decision on supply inside the local market, and that the Chamber submitted a detailed memorandum carrying traders’ proposals on the timetable.
A number of importers argue that the proposed timetable needs a transition period of at least six months, so that small businesses can adapt their accounting systems.
A filmed report from Al Nahar TV — Grocery division head: printing the price on goods will end the rises.
A filmed report from eXtra news — The supply minister and the Cairo governor open the main «Ahlan Ramadan» fair in Nasr City.
A number of importers argue that the proposed timetable needs a transition period of at least six months, so that small businesses can adapt their accounting systems.