M3 Recorded $66.05 Billion as of April 16, 2026
BDL’s latest statistics on money supply revealed that Broad Money (M3) increased by LBP 3,956.59 billion to stand at LBP 5,911,048 billion ($66.05 billion) by the week ending April 16th, 2026. However, M3 decreased by 4.85% year-over-year (YOY) and by 1.62% year to date (YTD).
In details, M1 contracted by LBP 703.79 billion during the week of 10 to 16 April 2026, due to a decrease in currency in circulation of LBP 1,240.70 billion and an increase in demand deposits of LBP 536.91 billion.
In turn, total deposits (excluding Demand deposits) rose by LBP 4,660.39 billion ($52.07 million), owing to an increase in term and saving deposits by LBP 1,340.33 billion during the week, accompanied by an increase in deposits denominated in foreign currencies by USD 37.10 million compared to the previous week.
As such, the rate of broad money dollarization decreased slightly from 97.7% in the week ending April 9th, 2026 to 97.691% in the week ending April 16th, 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
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