At 12:40 Beirut time, the Euro was quoted at €/$ 1.1097, the equivalent of €/LBP 1,672.87, depreciating by 0.11% against the US Dollar. The dollar went up today after the release of the U.S. core consumer prices report showing the highest increase recorded in four years in the cost of living for January 2016.
Locally, the Lebanese Pound appreciated against the Dollar standing at $/LP 1,513-1,514 with a mid-price of $/LP 1,513.5 compared to yesterday’s $/LP 1,513.5-1,514.25 with a mid-price of $/LP 1,513.88.
Compared to the pool of currencies of Lebanon’s major trading partners, the purchasing power of the Lebanese Pound appreciated as reflected by the NEER, published by BLOMINVEST, which registered a 0.12% uptick to 168.34 points today.
Date: 19 February 2016
