by Mercy Corps Lebanon | Jul 11, 2022 | LCAT Monthly Reports
Key Takeaways: Despite fluctuating throughout June, the Lebanese pound’s (LBP) value against the US Dollar (USD) did not sharply depreciate due to the Central Bank’s ongoing intervention via Circular 161. However, this period of relative stability is threatened by the...
by Mercy Corps Lebanon | Jun 6, 2022 | LCAT Monthly Reports
Key Takeaways: Lebanon held national elections on May 15, the first since the country’s economic crisis began in 2019 and the August 2020 Beirut port blast. No parliamentary block or political alliance won a clear majority, unlike in the previous parliament....
by Mercy Corps Lebanon | May 9, 2022 | LCAT Monthly Reports
Key Takeaways: The Lebanese Pound (LBP) depreciated in April to 27000, likely due to an increase in LBP in circulation and reduced Sayrafa injections. This possibly marks a shift in the Central Bank policy since January of stabilizing the LBP within the 20-25000...
by Mercy Corps Lebanon | Apr 11, 2022 | LCAT Monthly Reports
Key Takeaways: The Lebanese pound’s (LBP) value against the US dollar (USD) declined in March, largely over concerns about how long Circular 161 will remain in force and multiple probes targeting the banking sector locally and internationally. Investigations into the...
by Mercy Corps Lebanon | Mar 7, 2022 | LCAT Monthly Reports
Key Takeaways: The Lebanese Pound (LBP) was relatively stable throughout February after rebounding in January. It is unclear whether the Central Bank will be able to maintain the rate, especially in the face of declining reserves and a rising trade imbalance driven in...
by Mercy Corps Lebanon | Feb 7, 2022 | LCAT Monthly Reports
Key Takeaways: In an unexpected development, the Central Bank intervened in the currency market to stabilize the Lebanese Pound (LBP), which recovered from a low of LBP 33,000 to one US dollar (USD) on January 11, to about LBP 20,000 by the end of the month. The...
