Kareem wrotefadel wroteNuclearVision 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.
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
1 - No one is buying cheques anymore even at 70% value because there's no liquid USD in the market anymore
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.
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.
$2310 x 2800 (today's rate) = 6,468,000 LBP.