potato wroteKareem wrotepotato wrote
Well aub and aubmc are being payed in USD...
Ill try to explain why its not the same with all companies and you shouldve known that since u already worked with telecom companies before.
All of the quipments of these companies are brought abroad and shipped to lebanon using $ currency and all of the contracts of these companies with international companies like ericsson/Nokia/huawei etc.. are written with $ currency. Now that being said. $ was easier for these companies to earn from customers now that banks made it harder to get $ all of these companies had to rely on lbp since they need money at the end of the day. When u cut $ that means u cut upgrades, support, equipments, and most important thing u made these companies to stop being productive and eventually that means we are back to square one that means bad coverage, bad support for the customers. Yup bad ending in my view.
Same thing can be said for cars. U cant just go and buy a new car in lbp since its being brought in $ currency...
But the thing is, I was getting paid in USD because it's an international company. Ogero, shopandship, touch and alfa nor not international companies.
You're mixing up things. Importing should be in USD but paying the employee doesn't have to. Every country import and export, but Lebanon is one of the very few cases were people have options.
In UAE, most of the contracts or job offers are in AED; doesn't matter which company and where. Now paying to import stuff should be arranged by the banks or BDL but the circulating currency in the country should be LBP.
I don't know if I made my point.
Yup you made your point just one thing these are private companies where the employee sign a contract with an international company not with the government. Shopandship/aramex international company. Touch contract with zain. Alfa with orascom. Ogero with im not sure which one but thats it. The company is local however the employee sign with x international company that gets u payed in $ currency.
Yes but as far as I know, Orascom and Zain are managing companies. They can't decide anything financially without the approval of the ministry of telecom.
They were complaining that Choukair wasn't approving the annual bonus and promotions. So technically speaking, it's the government money and it's one of the reasons why the government isn't accepting the privatization of the telecom sector.
But in my opinion, every onshore company, international or not since it's anyway registered in Lebanon, should be paying employees in LBP. The circulating currency should be LBP just like any decent country.
If you want to import, you have a business account, your bank or BDL can help you exchange at the official rate and that's it.
In Europe mainly, I can't pay in USD. They will simply ask you to exchange it and come back.
Think of it. Why would need the dollar in Lebanon? travel ? OK I can travel if I have a credit card what else ?