At 15:00 Beirut time, the Euro was quoted at €/$ 1.1027, the equivalent of €/LBP 1,662.32, depreciating by 0.93% against the US Dollar. The euro went down against the dollar today after the release of Purchasing Managers Index for the euro zone which fell to a 13-month low at 52.7 in February 2016 compared to 53.6 recorded a month earlier.
Locally, the Lebanese Pound depreciated against the Dollar standing at $/LP 1,513.75-1,514.25 with a mid-price of $/LP 1,514 compared to Friday’s $/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 0.06% uptick to 168.44 points today.
Date: 22 February 2016
