Cabinet denies cancelling bread subsidy points

CAIRO - 9 September 2018: The Cabinet's Media Center denied on Sunday media reports that the government is going to cancel bread subsidy points and replace them with supply commodities.

The center said it contacted the Supply and Internal Trade Ministry that made clear that the bread subsidy points system is still applicable and there is no intention to cancel it.

These rumors are meant to undermine the State and torpedo its efforts to serve citizens, it added.

Egypt currently distributes five loaves of subsidized bread per person per day. Citizens currently get 10 piasters for each loaf not purchased from their share every month, and they can use the proceeds – the so-called bread points – to buy other goods. The subsidized bread is sold at five piasters per loaf.

The center urged media outlets to verify the authenticity of any report before publishing it.