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AVOlio wrotePeople when mentioning the rates, mention of you buying or selling.
And it doesn't hurt to mention where you quoted that rate from, as in what region and if you want, the specific shop as well.
That's the buying price in beirut, barbir. Problem is that even at 2200, I couldn't find USD.
What regulard USD needs are there for a "normal" person living in Lebanon?
I know you will need USD if you are traveling, and if you are ordering something from abroad.
Generator bill, is it still paid in USD? Anything else?
rolf wroteWhat regulard USD needs are there for a "normal" person living in Lebanon?
I know you will need USD if you are traveling, and if you are ordering something from abroad.
Generator bill, is it still paid in USD? Anything else?
Why are you paying generator bill in USD ? I requested to pay in LBP. Fuel and diesel are in LBP and the price is still the same.
Its 2250 on businessnews.com.lb and some friends told me it's hit 3000.
Amhaz currently not accepting LL at all, Class (citymall) will accept it for 2300LL/USD and does not accept CC
The mechanic just called my dad and told him his car will cost him 700$ and even tough this is overpriced, he wants to get paid in USD or at the exchange price. Now every little shop wants piece of the pie. My dad gets paid in LL and cannot afford the amount at this exchange. I feel shit will break soon because we (as a middle class family) are not able to bear it anymore, what is happening with those less fortunate :(
This is mad. There are no USD in the country but people want to get paid USD.

To be fair this has to happen at some point because nobody outside the coutry take LBP (and this is not new). So anything you want to import, including spare parts, they will need USD.

However the greed and the panic is not helping. I believe that Lebanon will be OK but right now it's chaos.
A while ago i wanted to ask the same question here, basically what is the financial logic behind banks regular rate and in the market an inflated supposedly real rate?

True panic doesnt help, and since when did we pay or had USD on hand unless we had to?
It is the "Interbank transfer rate" and is accessible to few big institutions (banks, etc.)
One of the shops near where I live just showed me a bill from one of his suppliers. It is 64 dollars and he charged him 192,000LL
Guitaret wroteThe mechanic just called my dad and told him his car will cost him 700$ and even tough this is overpriced, he wants to get paid in USD or at the exchange price. Now every little shop wants piece of the pie. My dad gets paid in LL and cannot afford the amount at this exchange. I feel shit will break soon because we (as a middle class family) are not able to bear it anymore, what is happening with those less fortunate :(
Unless it is absolutely imported product - IMO just leave if they demand $.
For price in LL, if it is unreasonably high - do same as you do, when you see high price on some shop, search lower.
Let them starve.
With mechanic, if he already did the job, in Lebanon a bit tough, ask for official detailed invoice and give him cheque :)
What is the deal with this story?

بعدما وصل إلى الـ2350 ليرة صباحاً...سعر صرف الدولار ينخفض الى 1850 ليرة لبنانية
Source: http://bintjbeil.org/article/169886
I think the biggest issue for suppliers and importers (like where I work), is the fact that we cannot exchange LL to Euro,
I mean its a stupid process that we & anyone who wants to bring products to the country from Europe has to go through a process of LL-->USD-->EUR, simply because the bank makes the process like that.
Most of Lebanons imports comes from Europe, and if this were possible, it could solve a lot of issues...
Guitaret wroteWhat is the deal with this story?

بعدما وصل إلى الـ2350 ليرة صباحاً...سعر صرف الدولار ينخفض الى 1850 ليرة لبنانية
Source: http://bintjbeil.org/article/169886
Supply and Demand.
This is what happens when you're unable to break a resistance this strong at 2350, it looks like our support is 1850, not going to go below that anytime soon.
and buying? also under 2000? if thats the case then allow me to say that the problem is artificial and easily resolved
Don't forget that we're close to the beginning of the month. A lot of people have debts and need to pay in LBP, so people are selling USD to pay less.

This is very temporary and the USD will go even higher starting from the 4th of december ( my own speculation )
Kareem wroteDon't forget that we're close to the beginning of the month. A lot of people have debts and need to pay in LBP, so people are selling USD to pay less.

This is very temporary and the USD will go even higher starting from the 4th of december ( my own speculation )
It was not popular on the street, but paying that $1.5 Billion Eurobond today was important financially. It may have also lowered the risk of default and also the value of the dollar. Of course, tomorrow is another day and another story....
xazbrat wrote
Kareem wroteDon't forget that we're close to the beginning of the month. A lot of people have debts and need to pay in LBP, so people are selling USD to pay less.

This is very temporary and the USD will go even higher starting from the 4th of december ( my own speculation )
It was not popular on the street, but paying that $1.5 Billion Eurobond today was important financially. It may have also lowered the risk of default and also the value of the dollar. Of course, tomorrow is another day and another story....
But I don't think it means anything. Since the total USD ( liquid cash ) is lower day after day since no money is being transferred from abroad and you need to import, the demand will be consistent.

We managed to pay a $1.5 billion today however it's always been the case. We have another commitment in April 2020 so don't expect things to change dramatically.