All monetary aggregates ended the week of October 29, 2020 on a positive note. The overall money supply, “M4”, soared by LBP 1,041.20 billion on a weekly basis, yet fell by 5.10% on an annual basis to LBP 208,686 billion, noting that the non-banking sector’s Treasury bills portfolio rose by LBP 65 billion during the concerned week.

In parallel, Lebanese-Pound denominated deposits and currency in circulation, “M1”, widened by LBP 835.86 million week-on-week to LBP 34,601 billion on the back of some LBP 609 billion expansion in currency in circulation, coupled with a LBP 227 billion increase in demand deposits. Local currency term deposits, “M2”, also expanded by LBP 713.50 billion on a weekly basis yet plunged by 8.54% year-on-year to settle at LBP 63,197 billion.

Consequently, private sector term and saving deposits denominated in LBP (“M2-M1”) receded by LBP 122.36 billion (0.43%) to LBP 28,596 billion during the week of October 29, while deposits denominated in foreign currencies (“M3-M2”) rose by LBP 262.62 billion (0.20%) to reach LBP 134,016 billion.