The overall money supply, “M4”, narrowed by LBP 90.90 billion during the week of November 19, 2020 and by 4.15% on an annual basis to LBP 208,969 billion amid the LBP 170 billion decrease in the non-banking sector’s Treasury bills portfolio during the concerned week.

In parallel, Lebanese-Pound denominated deposits and currency in circulation, “M1”, widened by LBP 255.85 million week-on-week to LBP 36,218 billion on the back of some LBP 205 billion expansion in currency in circulation, coupled with some LBP 51 billion increase in demand deposits. Local currency term deposits, “M2”, also expanded by LBP 169.41 billion on a weekly basis yet fell by 3.92% year-on-year to settle at LBP 64,502 billion.

Consequently, private sector term and saving deposits denominated in LBP (“M2-M1”) receded by LBP 86.44 billion (0.30%) to LBP 28,283 billion during the week of November 19, with deposits denominated in foreign currencies (“M3-M2”) sinking by LBP 260.14 billion (0.20%) to reach LBP 132,881 billion.