At 16:00 Beirut time, the Euro was quoted at €/$ 1.1558, the equivalent of €/LBP 1,742.37, appreciating by 0.25% against the US Dollar. The Euro rose against the dollar amid expectations that the Federal Reserve will delay the interest rate hike and due to the improving economy in the European Union.
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 registered a 0.35% downtick to 165.38 points today.
Date: 03 May 2016