At 12:15 Beirut time, the Euro was quoted at €/$ 1.1350, the equivalent of €/LBP 1,711.01, depreciating by 0.25% against the US Dollar. The euro went down against the dollar today as economic growth in the Eurozone area during the first quarter fell short of expectations. The released figure of first-quarter economic growth produced a result of 0.5%, compared to an expectation of 0.6%.
Locally, the Dollar remained unchanged against the Lebanese Pound at the quote of $/LP 1,513.75-1,514.25 with a mid-price of $/LP 1,514.
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 0.13% uptick to 166.55 points today.
Date: 13 May 2016