At 11:30 Beirut time, the Euro was quoted at €/$ 1.1264, the equivalent of €/LBP 1,698.05, depreciating by 0.42% against the US Dollar. The dollar went up against the euro following the release of positive U.S inflation figures yesterday. Data showed consumer prices increased 0.4% in April, the biggest gain since February 2013.
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 0.19% uptick to 166.91 points today.
Date: 18 May 2016