At 15:15 Beirut time, the Euro was quoted at €/$ 1.1012, the equivalent of €/LBP 1,660.06, depreciating by 0.08% against the US Dollar. The dollar improved against the euro today, as figures released by the Commerce Department showed that the US economy improved at a faster pace than expected. In details, US GDP for the fourth quarter of 2015 grew by 1%, compared to an estimated 0.7% increase.
Locally, the Lebanese Pound steadied against the Dollar standing at $/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 0.02% downtick to 168.52 points today.
Date: 26 February 2016