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.
Lebanese lira to USD exchange
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.
- Edited
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.
I wish I made some purchases before all this happened. Smh
20 days later
3400 LL / $ today. Halleluja....
with no plan in the horizon, the worse has yet to come
I heard it will be 5500LL before the end of the month and over 30,000LL by the end of July.
not so much really. You're talking about 2000% inflation which is unlikely to happen.
Hell, if you sell 30000 as paper it will get you more than 1$
Hell, if you sell 30000 as paper it will get you more than 1$
It's the dreams of your sarraf :)VincentKeyboard wroteI heard it will be 5500LL before the end of the month and over 30,000LL by the end of July.
No I doubt it will even reach 3500 before May, people are now converting with the new bdl rates, less and less people will go to sarafin for some time
so i can pay my housing loan in full for 5k$ end of july…lolVincentKeyboard wroteI heard it will be 5500LL before the end of the month and over 30,000LL by the end of July.
And some people's salaries will be Twenty Five Dollars a month.sero wroteso i can pay my housing loan in full for 5k$ end of july…lolVincentKeyboard wroteI heard it will be 5500LL before the end of the month and over 30,000LL by the end of July.
True, but there will be more and more local productions of basic need (paper tissu, detergents etc) just like syria, so our buying power measured in Usd is no longer relevant, unless of course for imported goods.VincentKeyboard wroteAnd some people's salaries will be Twenty Five Dollars a month.sero wroteso i can pay my housing loan in full for 5k$ end of july…lolVincentKeyboard wroteI heard it will be 5500LL before the end of the month and over 30,000LL by the end of July.
I thought i said it's 3400. Apologies its 3500 now - :)infiniteloop wroteIt's the dreams of your sarraf :)VincentKeyboard wroteI heard it will be 5500LL before the end of the month and over 30,000LL by the end of July.
No I doubt it will even reach 3500 before May, people are now converting with the new bdl rates, less and less people will go to sarafin for some time
that's pure sorcery!
It's like a game of kids, once it rises it never goes back !
It's like a game of kids, once it rises it never goes back !
Until the BDL rates increase when sarraf offers 4000 or 5500 for your dollar.
My boss's cleaning lady, a foreigner from Sri Lanka, earns 500 USD a month and she sends $200 home. She is a bright lady who also does electrical repairs. She refuses to get paid in LBP because they are worthless.
At this rate, she will one day be earning more than many Lebanese.
Lebanese people will be going abroad to work abroad and send 200 USD to Lebanon, which will be like 2 million LBP by then.
My boss's cleaning lady, a foreigner from Sri Lanka, earns 500 USD a month and she sends $200 home. She is a bright lady who also does electrical repairs. She refuses to get paid in LBP because they are worthless.
At this rate, she will one day be earning more than many Lebanese.
Lebanese people will be going abroad to work abroad and send 200 USD to Lebanon, which will be like 2 million LBP by then.
It is 3,400 now at the black market, so it will be more than 3500 at the end of May!infiniteloop wroteIt's the dreams of your sarraf :)VincentKeyboard wroteI heard it will be 5500LL before the end of the month and over 30,000LL by the end of July.
No I doubt it will even reach 3500 before May, people are now converting with the new bdl rates, less and less people will go to sarafin for some time
Guys I asked two sarrafin it's already 3500 that's the closing price... moreover :
it seems like every move the bdl does (and i'm not assuming they want to fix things) they make things worse, why don't they just freeze, stop screwing with people.