All monetary aggregates ended the week of July 30, 2020 on a positive note. In fact, the overall money supply, “M4”, soared by LBP 471.64 billion on a weekly basis yet fell by 7.57% on an annual basis to LBP 205,895 billion, noting that the non-banking sector’s Treasury bills portfolio fell by LBP 126 billion during the concerned week.

In parallel, Lebanese-Pound denominated deposits and currency in circulation, “M1”, widened by LBP 693.86 million week-on-week to LBP 28,438 billion on the back of some LBP 481 billion expansion in demand deposits, coupled with some LBP 213 billion hike in currency in circulation. Local currency term deposits, “M2”, increased by LBP 544.74 billion on a weekly basis yet fell by 19.97% year-on-year to settle at LBP 59,014 billion.

Consequently, private sector term and saving deposits denominated in LBP (“M2-M1”) sank by LBP 149.11 billion (0.49%) to LBP 30,576 billion during the week of July 30, while deposits denominated in foreign currencies (“M3-M2”) increased by LBP 52.40 billion (0.04%) to reach LBP 135,435 billion.