All monetary aggregates ended the week of June 30, 2022 on a positive note. The overall money supply, “M4”, widened by LBP 549.94 billion on a weekly basis yet fell by 4.23% on an annual basis to LBP 205,313 billion, noting that the non-banking sector’s Treasury bills portfolio decreased by LBP 15 billion during the concerned week.

In parallel, Lebanese-Pound denominated deposits and currency in circulation, “M1”, rose by LBP 712.43 million week-on-week to LBP 55,314 billion on the back of some LBP 743 billion increase in demand deposits, outweighing the LBP 31 billion decrease in currency in circulation. Local currency term deposits, “M2”, also increased by LBP 596.91 billion on a weekly basis yet dropped by 1.34% year-on-year to settle at LBP 74,027 billion.

Consequently, private sector term and saving deposits denominated in LBP (“M2-M1”) receded by LBP 115.52 billion (0.61%) to LBP 18,713 billion during the week of June 30, with deposits denominated in foreign currencies (“M3-M2”) sinking by LBP 32.12 billion (0.03%) to LBP 116,028 billion.