S&P Global Ratings maintained in their RatingsDirect, issued on 21 February 2022, Lebanon’s Ratings at SD for Foreign Currency and at CC for Long-Term Local Currency. The foreign currency rating ... read more
According to the Central Administration of Statistics (CAS), the Consumer Price Index (CPI), which gives an overview about the evolution of goods and services’ prices consumed by households, revealed that ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 9.79% compared to last year, to reach $163.19B by end of December 2021. The increase was mainly due to the ... read more
14/01/2022 07/01/2021 %Change Euro / LP 1,723.95 1,702.65 1.25% Euro / Dollar 1.1436 1.1295 1.25% NEER Index 151.40 152.63 -0.81% Lebanese Forex Market To-date, the Lebanese Pound (LBP) remained ... read more
The BLOM Bond Index (BBI), a market value-weighted index that tracks the performance of Lebanese Eurobonds (excluding coupon payments), retreated by a weekly 4.59%, to close at 16.82 points by June 25th. ... read more
Lebanon’s Purchasing Managers’ Index hit an all-time low, as did the USA’s and most global markets’ PMI. Lebanon’s BLOM PMI expectedly slumped to lows of 30.9 in April 2020 as a result of business closures ... read more
Over the past 20 years, it was repeatedly argued that the Lebanese fixed exchange rate was overvalued, sometimes by as high as 50%. What is surprising is that the fixed system has held for 22 years, from ... read more
The PMI’s predictive power revealed that Lebanon’s GDP growth dipped into negative territory for two consecutive quarters Q1 and Q2 of 2019. That said, the Lebanese economy was already in a recession when ... read more
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