The overall money supply, “M4”, narrowed by LBP 527.32 billion during the week of August 13, 2020 and by 7.48% on an annual basis to LBP 206,240 billion, noting that the non-banking sector’s Treasury bills portfolio fell by LBP 264 billion during the concerned week.

In parallel, Lebanese-Pound denominated deposits and currency in circulation, “M1”, widened by LBP 240.38 million week-on-week to LBP 29,681 billion on the back of some LBP 357 billion expansion in currency in circulation, which outweighed the LBP 117 billion contraction in demand deposits. Local currency term deposits, “M2”, dropped by LBP 33.20 billion on a weekly basis and by 18.76% year-on-year to settle at LBP 59,698 billion.

Consequently, private sector term and saving deposits denominated in LBP (“M2-M1”) sank by LBP 273.58 billion (0.90%) to LBP 30,017 billion during the week of August 13, with deposits denominated in foreign currencies (“M3-M2”) receding by LBP 230.06 billion (0.17%) to reach LBP 135,373 billion.