All monetary aggregates ended the week of December 3, 2020 on a positive note. The overall money supply, “M4”, soared by LBP 997.81 billion on a weekly basis, yet fell by 3.04% on an annual basis to LBP 210,120 billion, noting that the non-banking sector’s Treasury bills portfolio fell by LBP 11 billion during the concerned week.

In parallel, Lebanese-Pound denominated deposits and currency in circulation, “M1”, widened by LBP 1,659.32 million week-on-week to LBP 38,026 billion on the back of some LBP 1,203 billion expansion in currency in circulation, coupled with some LBP 456 billion increase in demand deposits. Local currency term deposits, “M2”, also expanded by LBP 1,476.87 billion on a weekly basis and by 0.27% year-on-year to settle at LBP 65,985 billion.

Consequently, private sector term and saving deposits denominated in LBP (“M2-M1”) receded by LBP 182.45 billion (0.65%) to LBP 27,959 billion during the week of December 3, with deposits denominated in foreign currencies (“M3-M2”) sinking by LBP 468.10 billion (0.35%) to reach LBP 132,560 billion.