The “M1” monetary aggregate fell by 1.90% in April 2025 to LBP 116.87 trillion, down from LBP 119.13 trillion in the previous month, noting that it increased by 29.74% y-o-y when compared to the LBP 90.08 trillion level registered in April of the previous year. More specifically, currency in circulation decreased by 6.92% in April of the current year to LBP 72.47 trillion, while demand deposits in LBP increased by 7.57% to LBP 44.40 trillion. It is worth noting that currency in circulation came in 43.61% higher on an annual basis when benchmarked to April 2024’s figure of LBP 50.46 trillion. The chart below captures the monthly evolution of currency in circulation between April 2024 and April 2025:

The “M2” component, which adds term deposits in LBP to “M1”, decreased by 1.77% in April of the current year to LBP 155.11 trillion, down from LBP 157.90 trillion in March of the same year, noting that it stood at LBP 105.73 trillion in April 2024. As for the “M3” component, which adds deposits in foreign currencies and debt securities issued to the “M2” monetary aggregate, it remained almost flat month-on-month at LBP 6,212.86 trillion in April 2025. The overall money supply, “M4”, which adds LBP treasury bills held by the non-banking sector, also remained stable between the third and fourth months of 2025, reaching LBP 6,220.76 trillion noting that the portfolio of LBP Treasury bills held by the non-banking sector dropped by 3% month-on-month to LBP 7.90 trillion.