All monetary aggregates ended the week of March 4, 2021 on a positive note. The overall money supply, “M4”, soared by LBP 969.11 billion on a weekly basis and by 2.76% on an annual basis to LBP 214,540 billion, noting that the non-banking sector’s Treasury bills portfolio decreased by LBP 45 billion during the concerned week.

In parallel, Lebanese-Pound denominated deposits and currency in circulation, “M1”, widened by LBP 1,327.95 million week-on-week to LBP 45,834 billion on the back of some LBP 1,085 billion expansion in currency in circulation, coupled with some LBP 243 billion increase in demand deposits. Local currency term deposits, “M2”, also rose by LBP 1,116.04 billion on a weekly basis and by 20.95% year-on-year to settle at LBP 72,181 billion.

Consequently, private sector term and saving deposits denominated in LBP (“M2-M1”) receded by LBP 211.90 billion (0.80%) to LBP 26,348 billion during the week of March 4, with deposits denominated in foreign currencies (“M3-M2”) sinking by LBP 101.46 billion (0.08%) to LBP 130,648 billion.