According to the latest World Bank Lebanon Economic Monitor Lebanon Sinking: To the Top 3, “the economic and financial crisis is likely to rank in the top 10, possibly top 3, most severe crises episodes ... read more
Moody’s assigned a sovereign credit rating of C to Lebanon. The C rating reflects Moody’s “assessment that the losses incurred by bondholders through Lebanon’s current default are likely to exceed ... read more
At 12:30 Beirut time, the Euro was quoted at €/$ 1.0594, the equivalent of €/LBP 1,597.05, appreciating against the US Dollar by 0.29%. The US dollar fell for the first time in 5 sessions against the Euro, ... read more
At 11:30 Beirut time, the Euro was quoted at $/€ 1.1331, the equivalent of €/LBP 1,708.15, appreciating against the US Dollar by 0.47% from Thursday’s close. Better than expected jobless claims in the U.S. ... read more
At 11:30 Beirut time, the Euro was quoted at $/€ 1.1281, the equivalent of €/LBP 1,700.61, depreciating against the US Dollar by 0.32% from yesterday’s close. This mainly came as a result of the lower than ... read more
At 11:30 Beirut time, the Euro was quoted at $/€ 1.1286, the equivalent of €/LBP 1,701.36, progressing by 0.67% from yesterday’s close. The slump that the Chinese stock market has been experiencing since ... read more
During the period 17-24 April 2015, demand for the dollar remained stagnant on the Lebanese Forex market, as shown by the Lebanese pound’s peg against the dollar which maintained a quote of $/LP ... read more
During the period 02-17 April 2015, demand for the dollar remained stable as shown by the Lebanese pound’s peg against the dollar which stabilized at $/LP 1,510-1,514 with a mid-price of $/LP 1,512. ... read more
Demand for the dollar strengthened over the week, as reflected by the Lebanese pound’s peg against the dollar that went from $/LP 1,509-1,513 with a mid-price of $/LP 1,511 to $/LP 1,512-1,513 with a ... read more
Demand for the dollar strengthened over the week, as reflected by the Lebanese pound’s peg against the dollar that went from $/LP 1,508-1,512 with a mid-price of $/LP 1,510 to $/LP 1,509-1,513 with a ... read more
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