| ($B) | 09-Jan-24 | 02-Jan-25 | 09-Jan-25 | Change over the Period | Y-O-Y % Change | % Change y-t-d |
| M 1 | 5.70 | 1.133 | 1.245 | 0.112 | -78.17% | 12.367% |
| M 2 | 6.72 | 1.423 | 1.553 | 0.129 | -76.89% | 11.437% |
| M 3 | 179.05 | 68.75 | 68.76 | 0.006 | -61.60% | 0.010% |
| M 4 | 180.72 | 68.86 | 68.86 | (0.001) | -61.89% | -0.001% |
BDL’s latest statistics on money supply revealed that Broad Money (M3) increased by LBP 558.50 billion to stand at LBP 6,153,638 billion ($68.76 billion) by the week ending January 9th, 2025. On an annual basis, M3 decreased by 61.60% year-over-year, while it marginally increased by 0.01% 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 9,993.35 billion during the week of January 2nd to January 9th 2025, due to an increase in currency in circulation of LBP 10,838.86 billion and a decrease in demand deposits of LBP 845.51 billion. It decreased by 78.17% YOY while it increased by 12.367% YTD to record $1.245 billion as exchange rate increased from 15,000 to 89,500 per dollar.
In turn, total deposits (excluding Demand deposits) dropped by LBP 9,434.85 billion ($105.42 million), owing to an increase in LBP term and saving deposits by LBP 1,596.32 billion during the week and a decrease in deposits denominated in foreign currencies by USD 123.25 million compared to the previous week.
As such, the rate of broad money dollarization slightly declined from 97.93% in the week ending January 2nd, 2025 to 97.742% in the week ending January 9th, 2025.
Source: BDL; MoF
BY: Jana Boumatar
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