At 12:00 Beirut time, the Euro was quoted at €/$ 1.1423, the equivalent of €/LBP 1,722.02, appreciating by 0.12% against the US Dollar. The signing of anti-austerity pact between the Greek and Portuguese prime ministers yesterday, in addition to the release of German final CPI today, supported the European Currency.
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 depreciated as reflected by the NEER, published by BLOMINVEST, which registered a 0.21% downtick to 165.88 points today.
Date: 12 April 2016