Egypt mulls conditional monetary support instead of subsidizing bread

Egypt’s Minister of Supply and Internal Trade Ali al-Moselhi said that he met with the House of Representatives to discuss implementing a conditional monetary support system instead of subsidizing bread.

The conditional monetary support systems means that a card is provided to the citizen to control a sum of money, and that the matter is not dependent on a set number for the loaves of bread, he explained.

Moselhi added that the timing is not appropriate to implement the idea due to the change in the inflation rate and its rise, which will result in the inability to change the value of the subsidy.