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Government official: Dollar prices are not affected by the distribution of salaries
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2021-12-21 07:09
Shafaq News/ A government official confirmed today, Tuesday, that the distribution of employee salaries does not affect the price of the dollar in the local markets.
In an interview with Shafak News Agency, the official said; "The distribution of employee salaries during this period does not affect the price of the dollar in the local markets due to the limited demand for it," noting that "the employees' salaries are now not sufficient to meet his basic need for living."
He added that "the demand for the dollar has become little during this period and is limited to simple daily transactions, whether they are for citizens or traders in the local markets, which are witnessing lukewarm activity these days," stressing that "the rise and fall in dollar prices is within a limited range."
He pointed out that "the supply of the dollar has become these days greater than the demand in the local markets due to the continuation of the central bank's cash sales, while foreign trade, which is in dollars, is met through the auction that the bank conducts daily."
It is noteworthy that the price of the dollar witnessed a decline during the past two days, to record the dollar today on the Kifah Stock Exchange, 147,750 thousand dinars, compared to 100 dollars, at a time when the Ministry of Finance announced last Saturday the start of distributing employees' salaries.
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In an interview with Shafak News Agency, the official said; "The distribution of employee salaries during this period does not affect the price of the dollar in the local markets due to the limited demand for it," noting that "the employees' salaries are now not sufficient to meet his basic need for living."
He added that "the demand for the dollar has become little during this period and is limited to simple daily transactions, whether they are for citizens or traders in the local markets, which are witnessing lukewarm activity these days," stressing that "the rise and fall in dollar prices is within a limited range."
He pointed out that "the supply of the dollar has become these days greater than the demand in the local markets due to the continuation of the central bank's cash sales, while foreign trade, which is in dollars, is met through the auction that the bank conducts daily."
It is noteworthy that the price of the dollar witnessed a decline during the past two days, to record the dollar today on the Kifah Stock Exchange, 147,750 thousand dinars, compared to 100 dollars, at a time when the Ministry of Finance announced last Saturday the start of distributing employees' salaries.
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