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(Reuters) Maggie Fick - The successful roll-out of a new "smart card" system to distribute subsidized bread has been a major achievement for Egypt's government, saving money while earning praise from families who no longer have to wake early to fight for loaves. Under the new system, families are issued plastic cards allowing them to buy five loaves per family member per day. Buyers no longer have to queue. Bakeries are paid for the subsidized loaves they sell, rather than being given a fixed allotment of cheap flour, making it harder to siphon off flour to sell on the black market - and there is bread for all.2015-01-14 00:00:00Full Article
Egypt's Sisi Scores Early Success with Smart Cards for Bread Subsidies
(Reuters) Maggie Fick - The successful roll-out of a new "smart card" system to distribute subsidized bread has been a major achievement for Egypt's government, saving money while earning praise from families who no longer have to wake early to fight for loaves. Under the new system, families are issued plastic cards allowing them to buy five loaves per family member per day. Buyers no longer have to queue. Bakeries are paid for the subsidized loaves they sell, rather than being given a fixed allotment of cheap flour, making it harder to siphon off flour to sell on the black market - and there is bread for all.2015-01-14 00:00:00Full Article
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