by Mercy Corps Lebanon | Feb 15, 2023 | LCAT Monthly Reports, LCAT Reports
Key Takeaways: The Lebanese Pound (LBP) depreciated to a low of LBP 63,500 per USD 1 on January 26. Acute LBP depreciation in the second half of January was accompanied by an increase in LBP money supply and Central Bank-mandated limits on Sayrafa platform...
by Mercy Corps Lebanon | Jan 23, 2023 | LCAT Monthly Reports, LCAT Reports
Key Takeaways: The Lebanese pound (LBP) parallel market exchange rate depreciated to a record low of LBP 47,800 per 1 US dollar (USD) by December 26, largely due to an increase in money supply in December. The exchange rate sharply appreciated on December 27, when the...
by Mercy Corps Lebanon | Dec 14, 2022 | LCAT Monthly Reports, LCAT Reports
Key Takeaways: The Lebanese pound (LBP) parallel market exchange rate depreciated to a record low of LBP 41,500 per 1 US dollar (USD) by the end of November. LBP depreciation in November was in large part due to a significant increase in money supply in September and...
by Mercy Corps Lebanon | Nov 11, 2022 | LCAT Monthly Reports, LCAT Reports
Key Takeaways: President Michel Aoun’s six-year term ended on October 31, after the parliament failed to elect his successor, despite holding four electoral sessions in October. Established parties have not signaled that they will soon agree on a so-called “consensus...
by Mercy Corps Lebanon | Oct 7, 2022 | LCAT Monthly Reports, LCAT Reports
Key Takeaways: The first parliamentary session to vote for a new president ended without success, raising concerns over ongoing political deadlock and the impact it could have on a potential economic recovery. The parliament passed the long-awaited 2022 budget,...
by Mercy Corps Lebanon | Sep 12, 2022 | LCAT Monthly Reports, LCAT Reports
Key Takeaways: The value of the Lebanese Pound (LBP) fluctuated against the US dollar (USD) throughout August and by the end of the month depreciated to about LBP 33,000. The depreciation appears to have been triggered by a continued decline in Sayrafa exchanges...
