All monetary aggregates ended the week of March 24, 2022 on a positive note. The overall money supply, “M4”, widened by LBP 381.67 billion on a weekly basis yet narrowed by 4.39% on an annual basis to LBP 204,611 billion, noting that the non-banking sector’s Treasury bills portfolio increased by LBP 217 billion during the concerned week.

In parallel, Lebanese-Pound denominated deposits and currency in circulation, “M1”, rose by LBP 789.36 million week-on-week to LBP 51,396 billion on the back of some LBP 985 billion increase in currency in circulation, outweighing the LBP 196 billion decrease in demand deposits. Local currency term deposits, “M2”, also rose by LBP 500.39 billion on a weekly basis yet dropped by 1.51% year-on-year to settle at LBP 71,054 billion.

Consequently, private sector term and saving deposits denominated in LBP (“M2-M1”) receded by LBP 288.97 billion (1.45%) to LBP 19,658 billion during the week of March 24, with deposits denominated in foreign currencies (“M3-M2”) sinking by LBP 336.01 billion (0.28%) to LBP 118,897 billion.