| ($B) | 14-Nov-23 | 07-Nov-24 | 14-Nov-24 | Change over the Period | Y-O-Y % Change | % Change y-t-d |
| M 1 | 5.60 | 0.931 | 0.916 | (0.015) | -83.65% | -83.45% |
| M 2 | 6.62 | 1.151 | 1.147 | (0.004) | -82.68% | -82.68% |
| M 3 | 77.57 | 68.97 | 68.86 | (0.11) | -11.23% | -10.51% |
| M 4 | 79.15 | 69.10 | 68.99 | (0.11) | -12.84% | -12.26% |
BDL’s latest statistics on money supply revealed that Broad Money (M3) decreased by LBP 9,674.13 billion to stand at LBP 6,162,918 billion ($68.86 billion) by the week ending November 14th, 2024. On an annual basis, M3 decreased by 11.23% year-over-year and by 10.51% since year-start (YTD). Noting that effective February 8th 2024, the official exchange rate has been set at LBP 89,500 per dollar.
In details, M1 decreased by LBP 1,318.93 billion during the week ending November 14th, 2024, due to a decrease in currency in circulation of LBP 735.87 billion and in demand deposits of LBP 583.06 billion. It decreased by 83.65% YOY and by 83.45% since year-start (YTD) to record $916 million as exchange rate increased from 15,000 to 89,500 per dollar.
In turn, total deposits (excluding Demand deposits) dropped by LBP 8,355.20 billion ($93.35 million), owing to a decline in foreign currencies deposits by USD 104.34 million and increase in term and saving deposits in LBP by LBP 983.27 billion during the week.
As such, the rate of broad money dollarization slightly increased slightly from 98.332% in the week ending November 7th, 2024 to 98.335% in the week ending November 14th, 2024.
Source: BDL; MoF
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