The overall money supply, “M4”, plunged by LBP 1,417.80 billion during the week of September 26, 2019 and by 1.72% on an annual basis to LBP 220,002 billion, noting that the non-banking sector’s Treasury bills portfolio fell by LBP 14 billion during the concerned week.

On the other hand, Lebanese-Pound denominated deposits and currency in circulation, “M1”, rose by LBP 149.05 billion week-on-week to LBP 10,960 billion on the back of some LBP 197 billion expansion in demand deposits, which outweighed the LBP 48 billion drop in money in circulation. Local currency term deposits, “M2”, however, sank by LBP 1,032.16 billion on a weekly basis and by 11.61% year-on-year to settle at LBP 70,319 billion.

Consequently, private sector term and saving deposits denominated in LBP (“M2-M1”) receded by LBP 1,181.21 billion (1.95%) to LBP 59,359 billion during the week of September 26, with deposits denominated in foreign currencies (“M3-M2”) shedding LBP 371.42 billion (0.27%) to reach LBP 138,209 billion. It is worth noting that the deposits of Jammal Trust Bank (JTB) have been omitted from the related week’s statistics in compliance with Banque Du Liban’s decision no. 13110, under the provisions of which JTB was removed from the official list of banks.