NoNuclearVision wroteIts the other way around, a friend wants to sell something, he got a offered a cheque for it, he doesn't want it, he asked me if i would give him 6mil for the cheque.TheIlluminative wroteOf course not. Just keep it with you and hopefully situation gets better. Ask yourself why someone wants really to give you 6mil for it? He will tell you "I am doing you a favor. You will lose it sooner or later" But don't do it unless you really need the money urgently.NuclearVision wroteA question for you guys, I was offered a to buy a 3500 usd cheque for 6mil lbp, would you go for it?
Edit: the circumstances of this offer are not simple, so i didn't stumble upon a guy that offered me this, it is much more complicated, I just want your opinion about the deal.
Lebanese lira to USD exchange
ok ! so far, it's a no, perhaps it's better not to take the risk.
You can give him, 5,5 and try to sell it for 6, you earn 500,000 LBP for example.NuclearVision wroteIts the other way around, a friend wants to sell something, he got a offered a cheque for it, he doesn't want it, he asked me if i would give him 6mil for the cheque.TheIlluminative wroteOf course not. Just keep it with you and hopefully situation gets better. Ask yourself why someone wants really to give you 6mil for it? He will tell you "I am doing you a favor. You will lose it sooner or later" But don't do it unless you really need the money urgently.NuclearVision wroteA question for you guys, I was offered a to buy a 3500 usd cheque for 6mil lbp, would you go for it?
Edit: the circumstances of this offer are not simple, so i didn't stumble upon a guy that offered me this, it is much more complicated, I just want your opinion about the deal.
If i knew what the worst case scenario it would be easier.
I mean would they take all our money? or would they give us 1$=1,500. If its the latter i'm willing to take the risk.
I mean would they take all our money? or would they give us 1$=1,500. If its the latter i'm willing to take the risk.
banks would love to give you $1 = 1500. it is better to go and ask a bank yourself.NuclearVision wroteIf i knew what the worst case scenario it would be easier.
I mean would they take all our money? or would they give us 1$=1,500. If its the latter i'm willing to take the risk.
best case selling for 70% of its value on 2700 . profit = 3500 x 2700 x 0.7 - 6 000 000 = 615 000
My best case would be cashing them or half of them out in dollars.fadel wrotebanks would love to give you $1 = 1500. it is better to go and ask a bank yourself.NuclearVision wroteIf i knew what the worst case scenario it would be easier.
I mean would they take all our money? or would they give us 1$=1,500. If its the latter i'm willing to take the risk.
best case selling for 70% of its value on 2700 . profit = 3500 x 2700 x 0.7 - 6 000 000 = 615 000
1 - No one is buying cheques anymore even at 70% value because there's no liquid USD in the market anymorefadel wrotebanks would love to give you $1 = 1500. it is better to go and ask a bank yourself.NuclearVision wroteIf i knew what the worst case scenario it would be easier.
I mean would they take all our money? or would they give us 1$=1,500. If its the latter i'm willing to take the risk.
best case selling for 70% of its value on 2700 . profit = 3500 x 2700 x 0.7 - 6 000 000 = 615 000
2- His friend would have done it himself if it was possible
3- The risk outweighs the benefit. 6M LBP investment to win 200k LBP which is less than $100. Not justified
4- Just No.
I wont sell the cheque. I will put in in my empty usd account.
Which is even worse. Exchange rate at the bank will remain 1515 LBP for a very long time. BDL can't do anything about it.NuclearVision wroteI wont sell the cheque. I will put in in my empty usd account.
3500 USD is 5,250,000 LBP.. I'm not sure what you're trying to do.
Alright man, thanks you're right, i shouldn't do this.
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I recommend you to take it at 1,650 per dollar.NuclearVision wroteA question for you guys, I was offered a to buy a 3500 usd cheque for 6mil lbp, would you go for it?
Edit: the circumstances of this offer are not simple, so i didn't stumble upon a guy that offered me this, it is much more complicated, I just want your opinion about the deal.
I would
I don't think that banks are even giving out dollars.
So my advice is only accept this until you have a good idea of what to do with this cheque, in other words how to liquidate it.
So take your time unless you feel like gambling.
So my advice is only accept this until you have a good idea of what to do with this cheque, in other words how to liquidate it.
So take your time unless you feel like gambling.
Only accept this offer if you have non-cash USD payments to make
Otherwise you will only be able to withdraw the 3,500$ in LBP at 1515
Otherwise you will only be able to withdraw the 3,500$ in LBP at 1515
You can sell the cash at ~60% value in cash USD (previously it was 70%).
Actually there are people I know are willing to buy cheques at 34% of its values. For example for $3,500, he will give you $2310 in cash.Kareem wrote1 - No one is buying cheques anymore even at 70% value because there's no liquid USD in the market anymorefadel wrotebanks would love to give you $1 = 1500. it is better to go and ask a bank yourself.NuclearVision wroteIf i knew what the worst case scenario it would be easier.
I mean would they take all our money? or would they give us 1$=1,500. If its the latter i'm willing to take the risk.
best case selling for 70% of its value on 2700 . profit = 3500 x 2700 x 0.7 - 6 000 000 = 615 000
2- His friend would have done it himself if it was possible
3- The risk outweighs the benefit. 6M LBP investment to win 200k LBP which is less than $100. Not justified
4- Just No.
$2310 x 2800 (today's rate) = 6,468,000 LBP.
I know people who used to do that but last week they told me they are no longer accepting cheques because no liquidity.TheIlluminative wroteActually there are people I know are willing to buy cheques at 34% of its values. For example for $3,500, he will give you $2310 in cash.Kareem wrote1 - No one is buying cheques anymore even at 70% value because there's no liquid USD in the market anymorefadel wrote
banks would love to give you $1 = 1500. it is better to go and ask a bank yourself.
best case selling for 70% of its value on 2700 . profit = 3500 x 2700 x 0.7 - 6 000 000 = 615 000
2- His friend would have done it himself if it was possible
3- The risk outweighs the benefit. 6M LBP investment to win 200k LBP which is less than $100. Not justified
4- Just No.
$2310 x 2800 (today's rate) = 6,468,000 LBP.
Banks are lying when they say that no $ are coming in to Lebanon because no planes, the thing is that planes for products are still coming thanks God and with them $ for banks but they just use this excuse to help the exchange places raise their prices.
Mafias to mafias
Mafias to mafias
Banks have been using any excuse they can to shut down and hold on to your dollars. Protests, scuffles, corona, no planes... seriously like do they fly their money in boxes on planes... forget it.
It's really saddening to see what our economy has become.
In hindsight, we were really living comfortable lives, and that's coming from a middle class guy at most.
One may argue that it was all fake and in debt, but on the other hand there was theft. I wish they gave up their greed in the past decade, things may have taken a sharp turn.
In hindsight, we were really living comfortable lives, and that's coming from a middle class guy at most.
One may argue that it was all fake and in debt, but on the other hand there was theft. I wish they gave up their greed in the past decade, things may have taken a sharp turn.
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If you want to grab any pc part drop it now. Else, you will pay more since the inflation rate is steadily increasing. Added to further capital control on USD withdraw after 15-20 days they will start saying @ 3000. The current stock being sold @ 2400- 2500 rate. When it will be depleted. They will bring @ the black market rate which is ~ 2900 - 3000 now and will most probably higher later on.