Wednesday, December 12, 2007

Imports to Lebanon

Source: Central Administration for Statistics, Lebanon

This graph shows the amount of imports to Lebanon by foreign countries, the weird is that most of the imports in Lebanon are from Europe (this means in Euro) while the lebanese pound is stabilized to the US dollar (1 USD = 1,500 LBP) this stabilization is having a disastrous impact on the lebanese market and the purchasing power, especially since the US dollar is falling behind compared to Euro.

In addition if the market fluctuations in europe are quite high this would have a direct impact on the market in Lebanon, and would have actually a double impact due to the stabilization policies in Lebanon