Integrated Market Monitoring System Success: Council of Ministers Ensuring Supply and Price Stability

Integrated Market Monitoring System Success: Council of Ministers Ensuring Supply and Price Stability

2024-04-23 18:42:00

8:42 p.m.

Tuesday April 23, 2024

Dalia Al-Dhanini wrote:

Advisor Muhammad Al-Homsani, official spokesperson for the Council of Ministers, said that there is an integrated system to monitor markets, provide goods to citizens and increase supply.

He added, during a telephone interview with journalist Azza Mustafa, as part of the program Salle Tahrir broadcast on the Sada El Balad channel, today Tuesday, that the main objective of the withholding of goods carried out by certain traders is putting them on the market following their prices have increased due to lack of supply.

He confirmed the state’s success in attracting large direct investment deals, which provided dollar liquidity, eliminated the parallel market and worked to meet citizens’ basic needs for food, medicine and feed.

Al-Homsani said the situation had returned to that before the dollar liquidity crisis regarding the clearance of goods at ports, which was reflected in the decline in raw material prices.

He stressed that the provision of a strategic stock and increasing the supply of goods eliminates attempts at manipulation and blocks those who want to store goods and withhold them from the markets, stressing that the State has announced that it There was a priority to meeting the needs of citizens in terms of basic products. goods.

He explained that there was a gradual decline in the prices of raw materials, because the elimination of the parallel dollar market led to a relative decline in raw materials, because the private sector used to calculate raw materials at the price of the dollar on the parallel market when they existed.

He pointed out that there is a decline in the prices of goods in the wholesale markets by a rate between 30 and 40%, while the decline in the retail markets is between 15 and 35%, which leaves presage further declines in retail markets. during the coming period.

The official spokesperson of the Council of Ministers added that a large number of goods were not cleared by traders to obtain further profits.

He explained that there is a new customs procedure regarding importers who refuse to clear goods, which involves transforming goods that are not cleared within two months following the end of the procedures into neglected goods, and therefore customs has the right to process them.

He stressed that the provision of a strategic stock and increasing the supply of goods eliminates attempts at manipulation and blocks those who want to store goods and withhold them from the markets, stressing that the State has announced that it There was a priority to meet the needs of citizens in terms of basic products. goods.

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