M3 Recorded $66.55 Billion as of February 5, 2026
| ($B) | 05-Feb-25 | 29-Jan-26 | 05-Feb-26 | % Weekly Change | % YOY Change | % YTD Change |
| M 1 | 1.35 | 1.239 | 1.202 | (0.037) | -11.19% | -3.16% |
| M 2 | 1.75 | 1.655 | 1.593 | (0.062) | -8.89% | -2.32% |
| M 3 | 69.45 | 66.80 | 66.55 | (0.253) | -4.18% | -0.87% |
| M 4 | 69.55 | 66.85 | 66.60 | (0.253) | -4.25% | -0.88% |
BDL’s latest statistics on money supply revealed that Broad Money (M3) decreased by LBP 22,636.55 billion to stand at LBP 5,956,007 billion ($66.55 billion) by the week ending February 5th, 2026. M3 decreased by 4.18% year-over-year and by 0.87% year to date (YTD).
In details, M1 contracted by LBP 3,281.50 billion during the week of 30 January to 5 February 2026, due to a decrease in demand deposits of LBP 4,614.65 billion and an increase in currency in circulation of LBP 1,333.15 billion.
In turn, total deposits (excluding Demand deposits) dropped by LBP 19,355.05 billion ($216.26 million), owing to a decrease in term and saving deposits by LBP 2,296.10 billion during the week, and a decline in deposits denominated in foreign currencies by USD 190.60 million compared to the prior week.
As such, the rate of broad money dollarization increased slightly from 97.522% in the week ending January 29, 2026 to 97.607% in the week ending February 5, 2026.
Looking at interest rates, the average rate on deposits in LBP at commercial banks increased from 1.17% in November 2024 to 3.25% in November 2025. Meanwhile, the average rate on deposits in USD at commercial banks increased from 0.03 % in November 2024 to 0.12 in November 2025. In turn, the average lending rate in LBP and USD, at commercial banks, went up from 6.78% and 4.41% in November 2024 to 11.42% and 5.32%, respectively, in November 2025.
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 November 2025, M3 stood at LBP 6,061,261 billion versus LBP 6,210,694 billion in November 2024; NFA were LBP 3,174,881 billion compared to LBP 1,696,663 billion in November 2024; CPS was LBP 491,174 billion compared to LBP 545,732 billion in November 2024; NCPS was LBP 2,959,500 billion compared to LBP 4,584,199 billion in November 2024; and OIN were negative LBP 564,294 billion compared to negative LBP 615,899 billion in November 2024.
Source: BDL; MoF
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