No News From Europe Keeps the Single Currency Stable

The Euro remained relatively stable versus the Dollar, as it up ticked by 0.02% in the absence of no major updates from Europe. 

Locally, the Lebanese Pound depreciated versus the Dollar, from  LP/$ 1,503-1,507 with a mid-price of LP/$ 1,505 to LP/$ 1,504-1,508 with a mid-price of LP/$ 1,506.

Compared to the pool of currencies of Lebanon’s major trading partners, the purchasing power of the Lebanese pound increased as reflected by the NEER, published by BLOMINVEST, which went up by 0.07% to 165.82 today.

Foreign Exchange MarketLast PricePrevious Change Y-t-D
$/LBP1,506.00 1,505.00
NEER****165.64 165.71-0.04%12.43%

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