All monetary aggregates ended the week of February 3, 2022 on a positive note. The overall money supply, “M4”, widened by LBP 1,163.34 billion on a weekly basis yet narrowed by 0.98% on an annual basis to LBP 210,715 billion, noting that the non-banking sector’s Treasury bills portfolio increased by LBP 43 billion during the concerned week.

In parallel, Lebanese-Pound denominated deposits and currency in circulation, “M1”, rose by LBP 1,460.21 million week-on-week to LBP 55,482 billion on the back of some LBP 1,141 billion expansion in currency in circulation, coupled with the LBP 319 billion increase in demand deposits. Local currency term deposits, “M2”, also rose by LBP 1,420.48 billion on a weekly basis and by 9.52% year-on-year to settle at LBP 76,170 billion.

Consequently, private sector term and saving deposits denominated in LBP (“M2-M1”) receded by LBP 39.73 billion (0.19%) to LBP 20,688 billion during the week of February 3, with deposits denominated in foreign currencies (“M3-M2”) sinking by LBP 300.74 billion (0.25%) to LBP 120,641 billion.