Bread prices freeze at 0.003$, Egypt raises for first time in 44 years.
Egypt is pushing to raise the price of bread “Balladi,” which has been subsidized for decades and sold at 0.003$ per piece. The plan is to reduce the national financial burden by making bread prices a reality, and the public’s backlash is expected to be significant. 안전놀이터
According to reports such as Reuters, Egyptian President Abdel Fatah Elsisi participated in the opening ceremony of the food industry complex near the Nile River on the 3rd and mentioned the need to raise bread prices. “The price of bread, which is subsidized by the government, has not changed in the last 20 to 30 years,” Elsisi said. “I can’t believe we’re selling 20 pieces of bread at the price of a cigarette,” he said. “This can’t continue. “I’ll take full responsibility for the changes,” he said. We must be responsible for the livelihood and fate of all the people.”
Egyptians eat baladi, a wide, hollow wheat bread, as their staple food. Wherever you go in Egypt, you can see residents lining up to receive bread at certain times in the morning, lunch, and evening.
The bread is made from government subsidies and can be bought at 0.05 Egyptian pounds (0.0032$) per piece, which is much cheaper than the market price. More than 60 million people, or 60 percent of the 104 million Egyptians, can buy the bread five a day. You can buy 5 breads for 20 won in Korean money.
Egypt raised the price of bread during the Anwar Sadat administration in 1977, when a so-called “bread uprising” broke out. At that time, more than 70 people were reportedly killed and more than 1,000 injured. The Egyptian government has since begun to appease its residents by expanding bread subsidies.
Since then, the Egyptian government has reduced government subsidies for food products in the 1980s and 1990s, but has replaced them by lowering the weight of bread without raising the price of bread alone. He was conscious of the sensitivity of Egyptians to bread prices.
It remains to be seen whether the Elsisi government will decide to raise the actual price of bread. Amid the decrease in the number of tourists due to coronavirus, the public’s dissatisfaction will only grow further if the government takes measures to raise bread prices. On the same day when President Elsisi’s remarks were made public, posts saying, “Exclude bread” are spreading on Twitter.