The overall money supply, “M4”, narrowed by LBP 15,477.07 billion during the week of September 26, 2024 to LBP 6,229.47 trillion, noting that the non-banking sector’s Treasury bills portfolio decreased by LBP 41.99 billion during the concerned week.

In parallel, Lebanese-Pound denominated deposits and currency in circulation, “M1”, fell by LBP 2,495.26 billion week-on-week to LBP 85,890 billion on the back of the LBP 1,873.01 billion decrease in currency in circulation coupled with the LBP 622.25 billion drop in demand deposits. Local currency term deposits, “M2”, widened by LBP 308.13 billion on a weekly basis to settle at LBP 107,245 billion.

Consequently, private sector term and saving deposits denominated in LBP (“M2-M1”) increased by LBP 2,803.39 billion (15.11%) to LBP 21,355 billion during the week of September 26, while deposits denominated in foreign currencies (“M3-M2”) fell by LBP 15,743.21 billion (0.26%) to LBP 6,109.09 trillion.