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 28, 2022 | LCAT Flash Reports, LCAT Reports
Lebanon faces significant fallout from the Ukraine conflict due to potential grain shortages and the economic impact of higher commodity prices – in particular fuel – when it can least afford it. Mired in one of the largest economic contractions in...
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...
by Mercy Corps Lebanon | Jan 10, 2022 | LCAT Monthly Reports, Uncategorized
Key Takeaways: The Lebanese lira continued to experience significant depreciation during the final two months of 2021, pushing towards 30,000 and further reducing the purchasing power of the population, driving many more towards a dependence on humanitarian assistance...
