| ($B) | 12-Dec-23 | 05-Dec-24 | 12-Dec-24 | Change over the Period | Y-O-Y % Change | % Change y-t-d |
| M 1 | 5.74 | 0.952 | 0.986 | 0.034 | -82.83% | -82.18% |
| M 2 | 6.76 | 1.193 | 1.237 | 0.044 | -81.69% | -81.31% |
| M 3 | 77.74 | 68.82 | 68.76 | (0.06) | -11.55% | -10.64% |
| M 4 | 79.38 | 68.94 | 68.88 | (0.06) | -13.22% | -12.39% |
BDL’s latest statistics on money supply revealed that Broad Money (M3) decreased by LBP 4,925.75 billion to stand at LBP 6,154,333 billion ($68.76 billion) by the week ending December 12th, 2024. On an annual basis, M3 decreased by 11.55% year-over-year and by 10.64% year to date (YTD). Noting that effective February 8th 2024, the official exchange rate has been set at LBP 89,500 per dollar.
In details, M1 expanded by LBP 3,029.48 billion during the week of December 5th to December 12th 2024, due to an increase in currency in circulation of LBP 2,239.83 billion and in demand deposits of LBP 789.65 billion. It decreased by 82.83% YOY and by 82.18% YTD to record $986 million as exchange rate increased from 15,000 to 89,500 per dollar.
In turn, total deposits (excluding Demand deposits) dropped by LBP 7,955.23 billion ($88.89million), owing to an increase in LBP term and saving deposits by LBP 912.54 billion during the week and a decrease in deposits denominated in foreign currencies by USD 99.08 million compared to the previous week.
As such, the rate of broad money dollarization slightly declined slightly from 98.266% in the week ending December 5th, 2024 to 98.2% in the week ending December 12th, 2024.
Source: BDL; MoF
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