LebGeeks

DNA

Member

Converting Euro to LBP in Lebanon

Hi, I have a sum of Euros and i want to deposit it in my account in LBP since i have never traded with euro before what is the best way to do it

1- Just go to the bank and sell then the euro directly to LBP to my account
2- Sell them for USD in the bank and then deposit in LBP
3- Use external exchange shops to do the exchange before going to the bank to deposit

please advice which is the best method.
thank you for your help

aboutarek

Member

Re: Converting Euro to LBP in Lebanon

I would have chosen option 3

rolf

Member

Re: Converting Euro to LBP in Lebanon

Another option is find someone who needs euros and barter with them. Zero interest and win-win situation.
I think there was a site for that, or just ask around.
I may travel to Europe so as soon as it is confirmed I will tell you and we can barter.

Yet another option is to open a Euro account, some banks have that (Bank Med), only if you have a big sum, otherwise not worth the trouble.

Last edited by rolf (July 30 2019)

dsoftware.king

Member

Re: Converting Euro to LBP in Lebanon

I need some (around 1k)

Kazouza

Member

Re: Converting Euro to LBP in Lebanon

What is the sum we are talking about? I might be interested.

samer

Admin

Re: Converting Euro to LBP in Lebanon

Rolf's suggestion is your best shot because it gives you the spot rate without any commissions.

Otherwise, I would suggest you pursue all three options and compare the fees and go with the one that offers you the lowest fees and best rates. This assumes you have a significant sum. If the sum is not large, then just go with the most convenient option.

DNA

Member

Re: Converting Euro to LBP in Lebanon

Thank you all for your valuable input.