All monetary aggregates ended the week of January 4, 2024 on a negative note. In fact, the overall money supply, “M4”, narrowed by LBP 5,502.74 billion on a weekly basis to LBP 1,173.94 trillion, noting that the non-banking sector’s Treasury bills decreased by LBP 53.84 billion portfolio during the concerned week.

In parallel, Lebanese-Pound denominated deposits and currency in circulation, “M1”, fell by LBP 1,242.15 billion week-on-week to LBP 81,786 billion on the back of the LBP 827.38 billion decrease in demand deposits, coupled with the LBP 414.77 billion drop in currency in circulation. Local currency term deposits, “M2”, also fell by LBP 1,279.99 billion on a weekly basis to settle at LBP 98,018 billion.

Consequently, private sector term and saving deposits denominated in LBP (“M2-M1”) narrowed by LBP 37.84 billion (0.23%) to LBP 16,232 billion during the week of January 4, with deposits denominated in foreign currencies (“M3-M2”) dropping by LBP 4,168.91 billion (0.40%) to LBP 1,050.75 trillion.