M3 Recorded $65.95 Billion as of April 23, 2026
| ($B) | 23-Apr-25 | 16-Apr-26 | 23-Apr-26 | % Weekly Change | % YOY Change | % YTD Change |
| M 1 | 1.31 | 1.106 | 1.120 | 0.015 | -14.58% | -9.73% |
| M 2 | 1.74 | 1.525 | 1.535 | 0.010 | -11.78% | -5.84% |
| M 3 | 69.42 | 66.05 | 65.95 | (0.094) | -4.99% | -1.76% |
| M 4 | 69.50 | 66.09 | 66.00 | (0.094) | -5.04% | -1.77% |
BDL’s latest statistics on money supply revealed that Broad Money (M3) decreased by LBP 8,451.37 billion to stand at LBP 5,902,596 billion ($65.95 billion) by the week ending April 23rd, 2026. As such, M3 decreased by 4.99% year-over-year (YOY) and by 1.76% year to date (YTD).
In details, M1 expanded by LBP 1,318.26 billion during the week of 16 to 23 April 2026, due to an increase in demand deposits of LBP 1,579.41 billion and a decrease in currency in circulation of LBP 261.15 billion.
In turn, total deposits (excluding Demand deposits) dropped by LBP 9,769.62 billion ($109.16 million), owing to a decrease in LBP term and saving deposits by LBP 413.23 billion during the week, accompanied by a decrease in deposits denominated in foreign currencies by USD 104.54 million compared to the previous week.
As such, the rate of broad money dollarization decreased slightly from 97.691% in the week ending April 16th, 2026 to 97.672% in the week ending April 23rd, 2026.
Looking at interest rates, the average rate on deposits in LBP at commercial banks increased from 2.86% in February 2025 to 5.13% in February 2026. Meanwhile, the average rate on deposits in USD at commercial banks stabilized at 0.08% from February 2025 to February 2026. In turn, the average lending rate in LBP and USD at commercial banks diverged across currencies: LBP loans increased to 9.74% from 7.59% a year earlier, whereas USD loans slipped to 3.84% from 4.29%.
Analytically, the money supply M3 can be derived from combining the balance sheet of BDL with the balance sheet of banks to arrive at the monetary survey of the banking system. The resulting M3 would be equal to the sum of: net foreign assets (NFA), credit to the private sector (CPS), net credit to the public sector (NCPS), and other items net (OIN). Latest data show that in February 2026, M3 stood at LBP 5,978,825 billion versus LBP 6,223,749 billion in February 2025; NFA were LBP 4,066,157.2 billion compared to LBP 1,905,945.5 billion in February 2025; CPS was LBP 514,702.7 billion compared to LBP 523,058.7 billion in February 2025; NCPS was LBP 2,014,144.8 billion compared to LBP 4,349,099.5 billion in February 2025; and OIN were negative LBP 616,179.7 billion compared to negative LBP 554,354.8 billion in February 2025.
Source: BDL; MoF
