Ibrahim Imbabi, head of the smoke division at the Federation of Egyptian Industries, Hassan Abdullah, governor of the central bank, called for the need to open documentary credits for the eastern smoke company to import raw tobacco during the current period in order to produce cigarettes, which are witnessing a rise in prices.
Mbappe said during a meeting with a program on my responsibility in the country's friendly satellite, that Eastern smoke needs from 500 to 600 million dollars, and not necessarily open a credit in the full amount.
Mbappe added: "If the raw material is the eastern entrance to smoke, it is not possible to buy a cigarette in the local market, explaining that there is enough in the eastern part of the smoke currently enough for one month or one and a half months.
Mbappe confirmed that the brave trader was aware of the increase in cigarette prices applied last May, and he stored large quantities of all types of cigarettes.
Mbappe added that cigarettes began to decrease in the local market since last June, and the greedy Merchant also began to set a high price at will, which created a disparity in prices per type .
Source : Location of money
