All monetary aggregates ended the week of January 8, 2026 on a negative note. In fact, the overall money supply, “M4”, narrowed by LBP 10,589.91 billion on a weekly basis to LBP 5,987.95 trillion, noting that the non-banking sector’s Treasury bills portfolio decreased by LBP 2.01 billion during the concerned week.

In parallel, Lebanese-Pound denominated deposits and currency in circulation, “M1”, fell by LBP 945.95 billion week-on-week to LBP 110,199 billion on the back of the LBP 951.47 billion decrease in currency in circulation which outweighed the LBP 5.52 billion increase in demand deposits. Local currency term deposits, “M2”, also dropped by LBP 1,177.64 billion on a weekly basis to settle at LBP 146,043 billion.

Consequently, private sector term and saving deposits denominated in LBP (“M2-M1”) narrowed by LBP 231.70 billion (0.64%) to LBP 35,843 billion during the week of January 8, with deposits denominated in foreign currencies (“M3-M2”) sinking by LBP 9,410.26 billion (0.16%) to LBP 5,837.26 trillion.