Government Spokesperson: Price Capping Saved 50 Billion Ouguiyas for Families Last Year

The Minister of Culture, Arts, Communication, and Relations with Parliament, the government spokesperson, Mr. El Houssein Ould Medou, stated that the price capping process saved approximately 50 billion ouguiyas for families last year, in addition to achieving significant reductions in the prices of some basic goods.

During his comments on the results of the Cabinet meeting held this evening, Wednesday, at the Spokesperson Hall at the headquarters of the Mauritanian News Agency in Nouakchott, alongside the Minister of Energy and Oil, and the Acting Minister of Economic Affairs and Development, the Minister denied having knowledge of any price increases, stressing that the relevant authorities will take the necessary measures to deter any potential market speculation.

For his part, the Minister of Energy and Oil, Acting Minister of Economic Affairs and Development, Mr. Mohamed Ould Khaled confirmed, in response to a question about the impact of the trading value of the ouguiya, that His Excellency the President is keen to ensure a decent living for citizens, especially the vulnerable and disadvantaged groups, and to continuously improve the value of the ouguiya.

He explained that the strength of the economy is measured by controlling inflation and the size of the central bank’s foreign currency reserves, emphasizing that these reserves are in a very good position.
In response to a question about importing gasoline from a neighboring country, the Minister explained that the state contracts with a specialized company to supply the market with gasoline, and that demand for this product has increased this year, leading to a temporary shortage in recent weeks.

He added that in such cases, the company resorts to its nearest storage facilities, and it has imported quantities of gasoline from Senegal.