Where do you get this number 1777.03? I got the same search on and nowhere does it say 1777.03
Lebanese lira to USD exchange
It was the black market price, Morningstar fixed it and it's no longer 1777.
Not really...VincentKeyboard wrote Local items such as food won't get affected in pricing though.
We import a lot of wheat, potato,etc.. from Egypt for example.
Also production needs fuel, which we import in dollars.
Plus people will inflate price to make up for their losses.
I'm no economics expert, I had to ask about the things I mentioned above. Just thought I'd share.
Even people who get paid in USD aren't safe as banks decided to just not give USD to people.
This sadly turned out to be true. The butcher where I buy chicken increased the price by 2000LL today as opposed to yesterday.vlatkozelka wroteNot really...VincentKeyboard wrote Local items such as food won't get affected in pricing though.
We import a lot of wheat, potato,etc.. from Egypt for example.
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Do you have any links for Morningstar readings?
I'm assuming he's just bluffing to make some more cash. All of my local shops are still on the same prices. (Including hawa chicken)VincentKeyboard wroteThis sadly turned out to be true. The butcher where I buy chicken increased the price by 2000LL today as opposed to yesterday.vlatkozelka wroteNot really...VincentKeyboard wrote Local items such as food won't get affected in pricing though.
We import a lot of wheat, potato,etc.. from Egypt for example.
yeah chickens are farmed here in Lebanon
what's the deal with banks now ? any idea when they will open again ? and if they will let us withdraw money
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Last week, I could withdraw Lebanese Liras only using a debit card (Bank Byblos ATM).nosense wrotewhat's the deal with banks now ? any idea when they will open again ? and if they will let us withdraw money
Dollars: no
Access to savings account without a card: no
Nobody knows when they will open again and I am afraid the long-term damage to the credibility of banking in Lebanon is done now.
I heard from many sources that they are processing withdrawals on a case-per-case basis so you can try to call them.
@rolf is your account in LBP or USD?
if LBP you can no longer withdraw USD
if USD, can you withdraw both with limit 1k USD per day (at least that's my case).
Banks are trying their best to make USD withdrawals a hassle so that you withdraw LBP instead.
if LBP you can no longer withdraw USD
if USD, can you withdraw both with limit 1k USD per day (at least that's my case).
Banks are trying their best to make USD withdrawals a hassle so that you withdraw LBP instead.
limit is 1k per day and 2k per weeksero wrote@rolf is your account in LBP or USD?
if LBP you can no longer withdraw USD
if USD, can you withdraw both with limit 1k USD per day (at least that's my case).
Banks are trying their best to make USD withdrawals a hassle so that you withdraw LBP instead.
This is a very serious and critical issue. I no longer trust the banking system in this country. I have two accounts one in EUR and one in USD.
- I cannot withdraw USD even from my own account
- I can no longer transfer money internally between accounts ( EUR to USD and vice versa )
- I can no longer make an international wire transfer ( purchasing good remotely even with an invoice)
- I can no longer deposit cheques into my account if the value is above $3000 USD ( it has to be corporate account- BLOM)
- Bank informed me that starting from Nov. 1, there will be an additional fee of 1.5% PER TRANSACTION on my EUR card from my EUR account and 4% on the USD card if POS is abroad.
- Bank lowered my CREDIT card limit to 20% of it's limit.
- My monthly housing loan payment in LBP increased by 13% ( Bank Of Beirut )
- I cannot withdraw USD even from my own account
- I can no longer transfer money internally between accounts ( EUR to USD and vice versa )
- I can no longer make an international wire transfer ( purchasing good remotely even with an invoice)
- I can no longer deposit cheques into my account if the value is above $3000 USD ( it has to be corporate account- BLOM)
- Bank informed me that starting from Nov. 1, there will be an additional fee of 1.5% PER TRANSACTION on my EUR card from my EUR account and 4% on the USD card if POS is abroad.
- Bank lowered my CREDIT card limit to 20% of it's limit.
- My monthly housing loan payment in LBP increased by 13% ( Bank Of Beirut )
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Thank you for the info Kareem.
I am afraid it looks like the same old trend of making middle class and poorer people pay for the government deficit.
The points about not being able to deposit checks above $3000 and blocking international transfers are odd.
I am afraid it looks like the same old trend of making middle class and poorer people pay for the government deficit.
The points about not being able to deposit checks above $3000 and blocking international transfers are odd.
I'm not aware of any nuclearcat around ^_^rolf wroteThank you for the info nuclearcat.
I am afraid it looks like the same old trend of making middle class and poorer people pay for the government deficit.
Thanks I will correct it. Not sure how this happened.Kareem wroteI'm not aware of any nuclearcat around ^_^rolf wroteThank you for the info nuclearcat.
I am afraid it looks like the same old trend of making middle class and poorer people pay for the government deficit.
There is a nuclearcat around here but not in this thread.
WTH this is fucked up!Kareem wrote This is a very serious and critical issue. I no longer trust the banking system in this country. I have two accounts one in EUR and one in USD.
- I cannot withdraw USD even from my own account
- I can no longer transfer money internally between accounts ( EUR to USD and vice versa )
- I can no longer make an international wire transfer ( purchasing good remotely even with an invoice)
- I can no longer deposit cheques into my account if the value is above $3000 USD ( it has to be corporate account- BLOM)
- Bank informed me that starting from Nov. 1, there will be an additional fee of 1.5% PER TRANSACTION on my EUR card from my EUR account and 4% on the USD card if POS is abroad.
- Bank lowered my CREDIT card limit to 20% of it's limit.
- My monthly housing loan payment in LBP increased by 13% ( Bank Of Beirut )
Why did they increase the housing payment by 13%! what kind of loan did you take? isn't it "مدعوم من مصرف لبنان" or iskan one? is it an LBP loan or USD one?
You think this is disastrous and you are on the withdrawing end, what do you think the ones in desperate need of loans are going through right now!
I have the one مدعوم من مصرف لبنان and it's in LBP.sero wroteWTH this is fucked up!Kareem wrote This is a very serious and critical issue. I no longer trust the banking system in this country. I have two accounts one in EUR and one in USD.
- I cannot withdraw USD even from my own account
- I can no longer transfer money internally between accounts ( EUR to USD and vice versa )
- I can no longer make an international wire transfer ( purchasing good remotely even with an invoice)
- I can no longer deposit cheques into my account if the value is above $3000 USD ( it has to be corporate account- BLOM)
- Bank informed me that starting from Nov. 1, there will be an additional fee of 1.5% PER TRANSACTION on my EUR card from my EUR account and 4% on the USD card if POS is abroad.
- Bank lowered my CREDIT card limit to 20% of it's limit.
- My monthly housing loan payment in LBP increased by 13% ( Bank Of Beirut )
Why did they increase the housing payment by 13%! what kind of loan did you take? isn't it "مدعوم من مصرف لبنان" or iskan one? is it an LBP loan or USD one?
They said they did " إعادة جدولة " and the interest rate on LBP increased.
What's even worse is that they're withdrawing money from my USD account @ 1502 LBP / 1 USD.
This is stealing in broad daylight....
my experience in BOB:
My account is in USD:
- i can withdraw up to 600$ per day from ATM (if there's $ available, which is very unlikely)
-limit of 3300$ per week from ATM
-they are taking 3$ commission per 1000$ if you withdraw from Bank teller(lets see when they open if they will adjust the commission and limits)
-no transfer available between internal usd and lbp account
-you cannot withdraw LBP from ATM if your account is only in USD
-USD credit card not working outside lebanon (my colleague experience)
My account is in USD:
- i can withdraw up to 600$ per day from ATM (if there's $ available, which is very unlikely)
-limit of 3300$ per week from ATM
-they are taking 3$ commission per 1000$ if you withdraw from Bank teller(lets see when they open if they will adjust the commission and limits)
-no transfer available between internal usd and lbp account
-you cannot withdraw LBP from ATM if your account is only in USD
-USD credit card not working outside lebanon (my colleague experience)
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MAS wrotemy experience in BOB:
My account is in USD:
- i can withdraw up to 600$ per day from ATM (if there's $ available, which is very unlikely)
-limit of 3300$ per week from ATM
-they are taking 3$ commission per 1000$ if you withdraw from Bank teller(lets see when they open if they will adjust the commission and limits)
-no transfer available between internal usd and lbp account
-you cannot withdraw LBP from ATM if your account is only in USD
-USD credit card not working outside lebanon (my colleague experience)
Well yeah can you imagine ? I have money in USD that I can't withdraw because the ATM doesn't provide USD and it wont give LBP instead. I cannot transfer money between accounts and I'm borrowing cash from my family.
Humiliation at its best.
And one last thing I forgot to mention, you can no longer carry as much cash as you want at the airport. They forbid it even if you declare to customs.