All monetary aggregates ended the week of April 7, 2022 on a positive note. The overall money supply, “M4”, widened by LBP 865.22 billion on a weekly basis yet narrowed by 4.14% on an annual basis to LBP 205,095 billion, noting that the non-banking sector’s Treasury bills portfolio increased by LBP 168 billion during the concerned week.

In parallel, Lebanese-Pound denominated deposits and currency in circulation, “M1”, rose by LBP 1,257.60 million week-on-week to LBP 52,186 billion on the back of some LBP 697 billion increase in currency in circulation, coupled with some LBP 561 billion appreciation in demand deposits. Local currency term deposits, “M2”, also rose by LBP 1,131.14 billion on a weekly basis yet dropped by 0.92% year-on-year to settle at LBP 71,852 billion.

Consequently, private sector term and saving deposits denominated in LBP (“M2-M1”) receded by LBP 126.45 billion (0.64%) to LBP 19,666 billion during the week of April 7, with deposits denominated in foreign currencies (“M3-M2”) sinking by LBP 434.29 billion (0.36%) to LBP 118,555 billion.