At 12:35 Beirut time, the Euro was quoted at €/$ 1.1202, the equivalent of €/LBP 1,688.70, depreciating by 0.50% against the US Dollar. Upcoming movements in the euro-dollar exchange rate will hinge on Draghi’s statement this afternoon.
Locally, the Lebanese Pound steadied against the Dollar standing at $/LP 1,513-1,514 with a mid-price of $/LP 1,513.50.
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 0.11% uptick to 167.74 points today.
Date: 15 February 2016
