At 15:50 Beirut time, the Euro was quoted at €/$ 1.1196, the equivalent of €/LBP 1,687.80, appreciating by 0.06% against the US Dollar. The euro was barely changed against the dollar today after the ECB refrained from declaring more monetary stimulus, thus keeping interest rates at their current levels.
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 depreciated as reflected by the NEER, published by BLOMINVEST, which witnessed a 0.11% downtick to 167.03 points today.
Date: 02 June 2016