All monetary aggregates ended the week of March 21, 2024 on a negative note. In fact, the overall money supply, “M4”, narrowed by LBP 2,631.02 billion on a weekly basis to LBP 6,312.92 trillion, noting that the non-banking sector’s Treasury bills portfolio decreased by LBP 271.97 billion during the concerned week.

In parallel, Lebanese-Pound denominated deposits and currency in circulation, “M1”, fell by LBP 340.22 billion week-on-week to LBP 83,711 billion on the back of the LBP 238.55 billion decrease in demand deposits, coupled with the LBP 101.67 billion drop in currency in circulation. Local currency term deposits, “M2”, also fell by LBP 306.31 billion on a weekly basis to settle at LBP 99,761 billion.

Consequently, private sector term and saving deposits denominated in LBP (“M2-M1”) widened by LBP 33.90 billion (0.21%) to LBP 16,050 billion during the week of March 21, while deposits denominated in foreign currencies (“M3-M2”) sank by LBP 2,052.74 billion (0.03%) to LBP 6,190.24 trillion.