At 12:00 Beirut time, the Euro was quoted at €/$ 1.1332, the equivalent of €/LBP 1,708.30, depreciating by 0.49% against the US Dollar. The euro fell against the dollar today as Eurostat Euro area industrial production for February were released. Data showed that the industrial production fell the most in 18 months in February, declining by 0.8%.
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 appreciated as reflected by the NEER, published by BLOMINVEST, which registered a 0.30% uptick to 166.37 points today.