by Mercy Corps Lebanon | Apr 11, 2023 | LCAT Monthly Reports, LCAT Reports
Key Takeaways: The Central Bank adjusted the Sayrafa exchange rate twice in March, both times in response to rapid Lebanese pound (LBP) depreciation. On March 1, the Central Bank “increased” the Sayrafa exchange rate from LBP 45,400 to LBP 70,000. The Central Bank...
by Mercy Corps Lebanon | Mar 15, 2023 | LCAT Monthly Reports, LCAT Reports
Key Takeaways: The Central Bank established a new official USD exchange rate of LBP 15,000 and raised the Sayrafa rate to LBP 42,000 on February 1. The US dollar (USD)-Lebanese pound (LBP) parallel market exchange rate reached LBP 88,000 in late February before...
by Mercy Corps Lebanon | Feb 28, 2023 | LCAT Reports, LCAT Thematic Reports
The Ukraine conflict had a significant ripple effect on economies around the world, driving a spike in commodity prices in the months following the invasion and exacerbating existing economic challenges in the wake of the Covid-19 pandemic. The impact of commodity...
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...
