The Lebanese currency bloc will drop within a week

20-04-2019 Media in\ Beirut
During the week from March 29 to April 4, 2019, the liquidity of the Lebanese Pound (LBP) was significantly reduced by LBP 111 million to LBP 210 billion and LBP 518 million, equivalent to 0.02%, on an annualized basis.
According to a summary report issued by the Directorate of Statistics and Economic Research at the Central Bank of Lebanon today, this decline to the increase in currency circulation by 390 billion pounds, while the demand for deposits fell by 246 billion pounds.
Over the course of the week, total deposits (excluding demand deposits) decreased by LBP 255 billion and LBP 20 million, as a result of the increase in term deposits and savings deposits denominated in local currency by LBP 10 billion, with deposits denominated in foreign currencies declining by US $ 176 million .