The economic landscape of Lebanon from May 2022 to May 2023 witnessed significant developments in the money supply aggregate, M2, and its components, customers’ deposits and currency in LBP. The period was characterized by a remarkable rise in M2 amidst an enduring financial crisis and a challenging economic environment.
In light of these developments, this economic spotlight delves into the factors that underpinned the growth of M2 in Lebanon from May 2022 to May 2023, exploring the implications of a rising money supply and the drivers behind the surge in currency and resident customers’ LBP deposits. By examining these key elements, we aim to gain a better understanding of the macroeconomic conditions in Lebanon during this critical period.
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