Egypt Approves Extraordinary Measures to Limit Rise in Prices

The Pyramid of Khufu, the largest of the Great Pyramids of Giza, is seen before sunset during high temperature behind a canal which flows into the River Nile on the outskirts of Cairo, Egypt August 4, 2022. (Reuters)

Egypt approved extraordinary measures aimed at facilitating the release of imports and easing measures on investors and importers to limit the continued rise in prices.

Importers in Egypt find it difficult to provide hard currency, which facilitates the release of goods and commodities that have accumulated at Egyptian ports, limiting the number of goods and merchandise in the market and increasing prices.