The overall money supply, “M4”, narrowed by LBP 131.82 billion during the week of November 29, 2018 and by 1.83% on an annual basis to LBP 222,123 billion, noting that the non-banking sector’s Treasury bills portfolio rose by LBP 28 billion during the concerned week.

In contrast, Lebanese-Pound denominated deposits and currency in circulation, “M1”, increased by LBP 403.83 billion week-on-week to LBP 10,910 billion on the back of some LBP 466 billion expansion in demand deposits, which outweighed the LBP 62 billion drop in money in circulation. On a yearly basis, “M1” grew by 7.04%. Local currency term deposits, “M2”, however, fell by LBP 115.18 billion on a weekly basis and by 1.78% year-on-year to settle at LBP 77,194 billion.

Consequently, private sector term and saving deposits denominated in LBP (“M2-M1”) receded by LBP 519.00 billion (0.78%) to LBP 66,284 billion during the week of November 29, and deposits denominated in foreign currencies (“M3-M2”) dropped by LBP 44.75 billion (0.03%) to reach LBP 133,451 billion.