All monetary aggregates ended the week of July 22, 2021 on a positive note. In fact, the overall money supply, “M4”, rose by LBP 801.11 billion on a weekly basis and by 3.39% on an annual basis to LBP 213,716 billion, noting that the non-banking sector’s Treasury bills portfolio increased by LBP 145 billion during the concerned week.

In parallel, Lebanese-Pound denominated deposits and currency in circulation, “M1”, widened by LBP 695.02 million week-on-week to LBP 52,100 billion on the back of some LBP 833 billion expansion in demand deposits, which outweighed the LBP 138 billion contraction in currency in circulation. Local currency term deposits, “M2”, also rose by LBP 625.25 billion on a weekly basis and by 27.84% year-on-year to settle at LBP 75,516 billion.

Consequently, private sector term and saving deposits denominated in LBP (“M2-M1”) receded by LBP 69.77 billion (0.30%) to LBP 23,416 billion during the week of July 22, while deposits denominated in foreign currencies (“M3-M2”) inched up by LBP 31.15 billion (0.02%) to LBP 125,872 billion.