All monetary aggregates ended the week of July 1, 2021 on a positive note. In fact, the overall money supply, “M4”, rose by LBP 423.36 billion on a weekly basis and by 3.57% on an annual basis to LBP 214,093 billion, noting that the non-banking sector’s Treasury bills portfolio increased by LBP 80 billion during the concerned week.

In parallel, Lebanese-Pound denominated deposits and currency in circulation, “M1”, widened by LBP 812.29 million week-on-week to LBP 51,393 billion on the back of some LBP 659 billion increase in demand deposits, coupled with the LBP 153 billion expansion in currency in circulation. Local currency term deposits, “M2”, also rose by LBP 666.26 billion on a weekly basis and by 28.09% year-on-year to settle at LBP 75,358 billion.

Consequently, private sector term and saving deposits denominated in LBP (“M2-M1”) receded by LBP 146.03 billion (0.61%) to LBP 23,965 billion during the week of July 1, with deposits denominated in foreign currencies (“M3-M2”) sinking by LBP 323.23 billion (0.25%) to LBP 126,510 billion.