At 12:00 Beirut time, the Euro was quoted at €/$ 1.1391, the equivalent of €/LBP 1,717.19, appreciating by 0.05% against the US Dollar. The euro gained momentum against the dollar today as Germany’s current-account surplus climbed to 30.4 billion euros ($34.6 billion) in March, up from 21.1 billion euros the previous month.
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 0.08% uptick to 166.42 points today.
Date: 10 May 2016 