All monetary aggregates ended the week of January 25, 2024 on a negative note. The overall money supply, “M4”, narrowed by LBP 1,810.19 billion on a weekly basis to LBP 1,168.11 trillion, noting that the non-banking sector’s Treasury bills decreased by LBP 660.48 billion portfolio during the concerned week.

In parallel, Lebanese-Pound denominated deposits and currency in circulation, “M1”, fell by LBP 309.94 billion week-on-week to LBP 82,207 billion on the back of the LBP 969.22 billion decrease in currency in circulation, which outweighed the LBP 659.28 billion increase in demand deposits. Local currency term deposits, “M2”, also dropped by LBP 338.89 billion on a weekly basis to settle at LBP 98,495 billion.

Consequently, private sector term and saving deposits denominated in LBP (“M2-M1”) narrowed by LBP 28.95 billion (0.18%) to LBP 16,288 billion during the week of January 25, with deposits denominated in foreign currencies (“M3-M2”) sinking by LBP 810.82 billion (0.08%) to LBP 1,045.36 trillion.