SULAIMANI (ESTA) — The Kurdistan Regional Government (KRG) outlined a plan to cut the price of bread.
Bakeries in the Kurdistan Region selling six loaves of bread for 1000 IQD (0.76 USD).
For a long, the prices were 1000 IQD for eight loaves of bread. However, the rise in fuel, as well as flour, forced the bakeries to increase the prices.
“We are currently working to set a new price cap for bread,” Nawzad Sheikh Kamil, the KRG Commerce director-general told Esta on Sunday.
Under KRG’s price reduction plan, ten loaves of bread would be sold at 1000 IQD, according to Kamil’s words.
“The prices of flour have been decreased,” He said.
“As a result, we are in collaboration with several companies to provide bakeries’ flour with a satisfying price,” He added.
In the meantime, Kamil pointed out that the KRG will provide fuel for bakeries to set the new price for bread.
“The Council of Ministers supports our proposal.”