All monetary aggregates ended the week of July 7, 2022 on a positive note. The overall money supply, “M4”, widened by LBP 1,823.24 billion on a weekly basis yet fell by 3.29% on an annual basis to LBP 207,136 billion, noting that the non-banking sector’s Treasury bills portfolio decreased by LBP 107 billion during the concerned week.

In parallel, Lebanese-Pound denominated deposits and currency in circulation, “M1”, rose by LBP 2,547.48 million week-on-week to LBP 57,862 billion on the back of some LBP 2,210.7 billion increase in currency in circulation, coupled with an LBP 336.7 billion rise in demand deposits. Local currency term deposits, “M2”, also increased by LBP 2,366.45 billion on a weekly basis and by 1.90% year-on-year to settle at LBP 76,394 billion.

Consequently, private sector term and saving deposits denominated in LBP (“M2-M1”) receded by LBP 181.03 billion (0.97%) to LBP 18,532 billion during the week of July 7, with deposits denominated in foreign currencies (“M3-M2”) sinking by LBP 436.25 billion (0.38%) to LBP 115,592 billion.