M3 Recorded $64.73 billion as of October 1st, 2026
| ($B) | 1-Oct-25 | 24-Sep-26 | 1-Oct-26 | % Weekly Change | % YOY Change | % YTD Change |
| M 1 | 1.25 | 1.047 | 1.093 | 0.046 | -12.82% | -11.98% |
| M 2 | 1.64 | 1.470 | 1.523 | 0.053 | -7.43% | -6.62% |
| M 3 | 68.24 | 64.73 | 64.73 | (0.005) | -5.15% | -3.59% |
| M 4 | 68.30 | 64.77 | 64.76 | (0.016) | -5.18% | -3.61% |
BDL’s latest statistics on money supply revealed that Broad Money (M3) decreased by LBP 415.4 billion to stand at LBP 5,792,918 billion ($64.73 billion) by the week ending October 1, 2026. As such, M3 decreased by 5.15% year-over-year (YOY) and by 3.59% year to date (YTD).
M1 expanded by LBP 4,080.61 billion during the week of 25 September to 1st October 2026, due to an increase in demand deposits of LBP 2,530.88 billion and in currency in circulation of LBP 1549.73 billion.
In turn, total deposits (excluding Demand deposits) decreased by LBP 4,496.02 billion ($50.23 million), due to deposits denominated in foreign currencies, M3-M2, declined by USD 57.36 million compared to the previous week. Term and saving deposits in LBP, M2-M1, progressed by LBP 638.11 billion during the week.
As such, the rate of broad money dollarization decreased slightly from 97.729% to 97.65% in the week ending October 1st, 2026.
Looking at interest rates, the average rate on deposits in LBP at commercial banks increased from 3.95% in July 2025 to 4.55% in July 2026. Meanwhile, the average rate on deposits in USD at commercial banks increased from 0.06% to 0.15% between July 2025 and July 2026. In turn, the average lending rate in LBP and USD at commercial banks fell in both currencies: LBP loans rates increased to 9.95% from 9.23% a year earlier, while USD loans rates increased to 5.27% from 3.68%.
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 July 2026, M3 stood at LBP 5,872,361 billion versus LBP 6,148,976.5 billion in July 2025; NFA were LBP 3,167,727 billion compared to LBP 2,423,746.2 billion in July 2025; CPS was LBP 501,926.3 billion compared to LBP 493,934.4 billion in July 2025; NCPS was LBP 2,791,043.5 billion compared to LBP 3,799,037.5 billion in July 2025; and OIN were negative LBP 588,335.7 billion compared to negative LBP 567,741.4 billion in July 2025.
Source: BDL; MoF
By Marybel Estephan
