Prime Minister Mustafa
Madbouli has issued a warning against stashing, overpricing, or monopolizing
commodities in the local market, affirming that violators will face “strict”
legal action, according to a cabinet statement on Saturday.
Madbouli was speaking during a meeting with the country's 27 governors, where he issued instruction to continue operating monitoring mechanisms to control the market and ensure the availability of commodities.
Madbouli assured that the public is aware of the global crisis and the rising inflation rates in various countries, adding that even with the current circumstances, the government will continue to supply commodities, introduce multiple societal initiatives, and launch social safety net packages.
Madbouli said he instructed the country's Consumer Protection Agency to receive citizens' complaints, noting that the government will be following up on all measures taken against any trader attempting to exploit the current circumstances.
The government is coordinating with the Federation of Egyptian Chambers of Commerce and the Federation of Egyptian Industries to ensure that products are available.
He added that the government will also continue to exert efforts to supply markets and outlets with as many commodities as possible, in coordination with all governorates, the supply ministry, the Armed Forces, and other relevant bodies.
Source: Al-Ahram Online
