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#101 3 days ago

xerxes
Member

Re: Lebanese lira to USD exchange

lets try to keep track of the fluctuation in exchange rate on a daily basis in this thread.

I think it is around 1,800=1$ today

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#102 3 days ago

nas93
Member

Re: Lebanese lira to USD exchange

sero wrote:
nas93 wrote:

Anyone recently exchanged $ to LBP at the sarraf? What are the rates?
.

Today, at 1770 (sold USD)

Thank you!

Agree with xerxes, anyone exchanging USD please let us know.

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#103 3 days ago

Adnan
Member

Re: Lebanese lira to USD exchange

1820-1850 at 6pm in Tripoli

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#104 2 days ago

VincentKeyboard
Member

Re: Lebanese lira to USD exchange

If you want to withdraw LP from a dollars account in a bank, what are their exchange rates?

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#105 2 days ago

karimo
Member

Re: Lebanese lira to USD exchange

VincentKeyboard wrote:

If you want to withdraw LP from a dollars account in a bank, what are their exchange rates?

they use the "official" rate 1 usd = 1507 lbp aka they buy your 1$ for 1507 lira while exchange shop should give you about 1750 lira for your 1$


only withdraw lbp from usd account if you REALLY need the money for emergency, otherwise wait till banks start letting people to withdraw usd

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#106 2 days ago

VincentKeyboard
Member

Re: Lebanese lira to USD exchange

karimo wrote:
VincentKeyboard wrote:

If you want to withdraw LP from a dollars account in a bank, what are their exchange rates?

they use the "official" rate 1 usd = 1507 lbp aka they buy your 1$ for 1507 lira while exchange shop should give you about 1750 lira for your 1$


only withdraw lbp from usd account if you REALLY need the money for emergency, otherwise wait till banks start letting people to withdraw usd

Ok, good. That's a relief. I don't want banks to start going over the official rate.

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#107 2 days ago

user
Member

Re: Lebanese lira to USD exchange

That's not good, it is good if you have a 10$ loan and the bank accepts 15000LL but they are not. Many clients have reported banks force them to bring USD. But when it is time for the USD client to get usd they say sorry here is lira.

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#108 2 days ago

nas93
Member

Re: Lebanese lira to USD exchange

Nothing is good right now, if you can transfer your savings do it.

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#109 21 hours ago

dsoftware.king
Member

Re: Lebanese lira to USD exchange

Does anyone know the exchange rate today?

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#110 21 hours ago

Kareem
Member

Re: Lebanese lira to USD exchange

dsoftware.king wrote:

Does anyone know the exchange rate today?

I came here to ask the same question. No one is willing to give me the rate today.

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#111 21 hours ago

nuclearcat
Member

Re: Lebanese lira to USD exchange

Check with this guy, https://twitter.com/OmarTamo19 , he often publish average "grey market" rate.

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#112 21 hours ago

rolf
Member

Re: Lebanese lira to USD exchange

dsoftware.king wrote:

Does anyone know the exchange rate today?

Honestly I am afraid to check the updates on this thread.

Anyway it was Sunday yesterday and today is a holiday.

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#113 20 hours ago

Kareem
Member

Re: Lebanese lira to USD exchange

I read few mins ago that banks will close tomorrow until further notice. I hope this ain't true otherwise I'll be in a really big trouble :)

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#114 20 hours ago

rolf
Member

Re: Lebanese lira to USD exchange

Kareem wrote:

I read few mins ago that banks will close tomorrow until further notice. I hope this ain't true otherwise I'll be in a really big trouble :)

You are not already in big trouble?

Last edited by rolf (20 hours ago)

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#115 19 hours ago

Kareem
Member

Re: Lebanese lira to USD exchange

rolf wrote:
Kareem wrote:

I read few mins ago that banks will close tomorrow until further notice. I hope this ain't true otherwise I'll be in a really big trouble :)

You are not already in big trouble?

Actually "I" am but my sister who happens to be in the US pursuing her studies needs money ( tuition, rent etc..) and since we can't transfer money anymore ( which is absolutely obnoxious and unfair), I need to withdraw dollars in LBP at 1505 rate from the bank, convert the LBP to USD at 1750 and give the money to someone going to the states after tomorrow.

And yes, ATM is not giving me LBP instead of USD for some reason...

Ironically, I just realized that AMEX reduced my CC limit from 15K to 3.2K WITHOUT ANY NOTICE

This is beyond ridiculous... and this country is literally ruled by mafias.


update : 1 USD = 1725 LBP - Nov 11, black market rate.

Last edited by Kareem (19 hours ago)

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#116 19 hours ago

AVOlio
Member

Re: Lebanese lira to USD exchange

Kareem wrote:

Ironically, I just realized that AMEX reduced my CC limit from 15K to 3.2K WITHOUT ANY NOTICE

This is beyond ridiculous... and this country is literally ruled by mafias.

What does American Express credit cards have to do with the situation here?

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#117 19 hours ago

Kareem
Member

Re: Lebanese lira to USD exchange

AVOlio wrote:
Kareem wrote:

Ironically, I just realized that AMEX reduced my CC limit from 15K to 3.2K WITHOUT ANY NOTICE

This is beyond ridiculous... and this country is literally ruled by mafias.

What does American Express credit cards have to do with the situation here?

Exactly... NOTHING... but it's like everyone is going with the flow. It only means one thing... They're minimizing the risks but why? probably because of lack of high demand, low supply of USD.

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#118 18 hours ago

Guitaret
Member

Re: Lebanese lira to USD exchange

Kareem wrote:

I read few mins ago that banks will close tomorrow until further notice. I hope this ain't true otherwise I'll be in a really big trouble :)

This is now confirmed, "The union of bank employees declared an open strike starting tomorrow until things are calm again". Finally, they find a good excuse to shut down the bank: the safety of bank employees.

Last edited by Guitaret (18 hours ago)

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#119 17 hours ago

rolf
Member

Re: Lebanese lira to USD exchange

Kareem wrote:

Actually "I" am but my sister who happens to be in the US pursuing her studies needs money ( tuition, rent etc..) and since we can't transfer money anymore ( which is absolutely obnoxious and unfair), I need to withdraw dollars in LBP at 1505 rate from the bank, convert the LBP to USD at 1750 and give the money to someone going to the states after tomorrow.

I am still trying to find out if it is possible to use LBP debit cards to purchase foreign currencies online.

I don't have such a card so I can't try myself.

In theory you can have better rates using this method.

Last edited by rolf (17 hours ago)

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#120 17 hours ago

Kareem
Member

Re: Lebanese lira to USD exchange

rolf wrote:
Kareem wrote:

Actually "I" am but my sister who happens to be in the US pursuing her studies needs money ( tuition, rent etc..) and since we can't transfer money anymore ( which is absolutely obnoxious and unfair), I need to withdraw dollars in LBP at 1505 rate from the bank, convert the LBP to USD at 1750 and give the money to someone going to the states after tomorrow.

I am still trying to find out if it is possible to use LBP debit cards to purchase foreign currencies online.

I used my EUR credit card to buy something in USD online... they charged me 4.5% currency exchange excluding the 2% fees :)

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#121 17 hours ago

rolf
Member

Re: Lebanese lira to USD exchange

Kareem wrote:
rolf wrote:
Kareem wrote:

Actually "I" am but my sister who happens to be in the US pursuing her studies needs money ( tuition, rent etc..) and since we can't transfer money anymore ( which is absolutely obnoxious and unfair), I need to withdraw dollars in LBP at 1505 rate from the bank, convert the LBP to USD at 1750 and give the money to someone going to the states after tomorrow.

I am still trying to find out if it is possible to use LBP debit cards to purchase foreign currencies online.

I used my EUR credit card to buy something in USD online... they charged me 4.5% currency exchange excluding the 2% fees :)

Oh OK.

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#122 17 hours ago

rolf
Member

Re: Lebanese lira to USD exchange

If you can make payments online with acceptable rates then there are a few options in theory, such as buying bitcoins and then sending them, or issuing bogus invoices to yourself which will be paid by a Lebanese card but routed to a US account.

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#123 17 hours ago

Guitaret
Member

Re: Lebanese lira to USD exchange

What about internet cards (that we are still able to buy USD from the bank at official rate)?

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#124 16 hours ago

rolf
Member

Re: Lebanese lira to USD exchange

Guitaret wrote:
Kareem wrote:

I read few mins ago that banks will close tomorrow until further notice. I hope this ain't true otherwise I'll be in a really big trouble :)

This is now confirmed, "The union of bank employees declared an open strike starting tomorrow until things are calm again". Finally, they find a good excuse to shut down the bank: the safety of bank employees.

This is perfectly understandable. It is sad, the bank tellers are the public face of the bank and they have to deal with angry customers and much higher pressure than normally.

What everyone really needs to know is: what is their plan to make "things" to become "calm again"?

Last edited by rolf (16 hours ago)

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#125 16 hours ago

Hybrid
Member

Re: Lebanese lira to USD exchange

rolf wrote:

If you can make payments online with acceptable rates then there are a few options in theory, such as buying bitcoins and then sending them, or issuing bogus invoices to yourself which will be paid by a Lebanese card but routed to a US account.

How can you buy bitcoin without losing like 10% of the money in Lebanon?


And Today's rate is 1900

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