All monetary aggregates ended the week of July 21, 2022 on a negative note. The overall money supply, “M4”, narrowed by LBP 700.15 billion on a weekly basis and by 3.15% on an annual basis to LBP 207,041 billion, noting that the non-banking sector’s Treasury bills portfolio decreased by LBP 136 billion during the concerned week.

In parallel, Lebanese-Pound denominated deposits and currency in circulation, “M1”, fell by LBP 295.41 million week-on-week to LBP 58,262 billion on the back of some LBP 385 billion decrease in currency in circulation, which outweighed the LBP 90 billion increase in demand deposits. Local currency term deposits, “M2”, also narrowed by LBP 411.36 billion on a weekly basis yet rose by 2.39% year-on-year to settle at LBP 76,632 billion.

Consequently, private sector term and saving deposits denominated in LBP (“M2-M1”) receded by LBP 115.96 billion (0.63%) to LBP 18,370 billion during the week of July 21, with deposits denominated in foreign currencies (“M3-M2”) sinking by LBP 153.18 billion (0.13%) to LBP 115,347 billion.