The overall money supply, “M4”, narrowed by LBP 2,279.19 billion during the week of March 28, 2024 to LBP 6,310.65 trillion, noting that the non-banking sector’s Treasury bills portfolio decreased by LBP 197.68 billion during the concerned week.

In parallel, Lebanese-Pound denominated deposits and currency in circulation, “M1”, widened by LBP 3,622.97 billion week-on-week to LBP 87,334 billion on the back of the LBP 2,411.66 billion increase in demand deposits, coupled with the LBP 1,211.31 billion rise in currency in circulation. Local currency term deposits, “M2”, also increased by LBP 3,693.16 billion on a weekly basis to settle at LBP 103,454 billion.

Consequently, private sector term and saving deposits denominated in LBP (“M2-M1”) widened by LBP 70.19 billion (0.44%) to LBP 16,120 billion during the week of March 28, while deposits denominated in foreign currencies (“M3-M2”) sank by LBP 5,774.66 billion (0.09%) to LBP 6,184.46 trillion.