At 12:00 Beirut time, the Euro was quoted at €/$ 1.1266, the equivalent of €/LBP 1,698.35, depreciating by 0.05% against the US Dollar. The dollar gained momentum against the euro today as data on Wednesday showed a rebound in U.S retail sales and an acceleration in factory-gate inflation.
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 0.17% uptick to 166.65 points today.
Date: 14 April 2016