Supply Ministry considering raising monetary value of bread points

The Supply Ministry is studying a proposal to raise the bread subsidy points to EGP 0.30 from EGP 0.10, an unidentified government source tells Al Mal. The ministry had floated a similar idea in July that would have doubled the points subsidy card holders receive for every loaf of bread not bought, to EGP 0.20. The points on the card are then tallied and allow the cardholder to buy other commodities. Sources had said at the time the move was meant to reduce bakers’ manipulation of the system.