All monetary aggregates ended the week of December 10, 2020 on a positive note. The overall money supply, “M4”, soared by LBP 118.78 billion on a weekly basis, yet fell by 2.69% on an annual basis to LBP 210,239 billion, noting that the non-banking sector’s Treasury bills portfolio fell by LBP 28 billion during the concerned week.

In parallel, Lebanese-Pound denominated deposits and currency in circulation, “M1”, widened by LBP 626.92 million week-on-week to LBP 38,653 billion on the back of some LBP 754 billion expansion in currency in circulation, outweighing the LBP 127 billion contraction in demand deposits. Local currency term deposits, “M2”, also expanded by LBP 485.55 billion on a weekly basis and by 1.91% year-on-year to settle at LBP 66,470 billion.

Consequently, private sector term and saving deposits denominated in LBP (“M2-M1”) receded by LBP 141.37 billion (0.51%) to LBP 27,817 billion during the week of December 10, with deposits denominated in foreign currencies (“M3-M2”) sinking by LBP 338.28 billion (0.26%) to reach LBP 132,222 billion.