LebGeeks

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

nas93

Member

Re: Lebanese lira to USD exchange

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.

Adnan

Member

Re: Lebanese lira to USD exchange

1820-1850 at 6pm in Tripoli

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?

karimo

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?

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

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?

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.

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.

nas93

Member

Re: Lebanese lira to USD exchange

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

dsoftware.king

Member

Re: Lebanese lira to USD exchange

Does anyone know the exchange rate today?

Kareem

Member

Re: Lebanese lira to USD exchange

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.

nuclearcat

Member

Re: Lebanese lira to USD exchange

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

rolf

Member

Re: Lebanese lira to USD exchange

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.

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 :)

rolf

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 :)

You are not already in big trouble?

Last edited by rolf (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 :)

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)

AVOlio

Member

Re: Lebanese lira to USD exchange

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?

Kareem

Member

Re: Lebanese lira to USD exchange

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.

Guitaret

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 :)

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)

rolf

Member

Re: Lebanese lira to USD exchange

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)

Kareem

Member

Re: Lebanese lira to USD exchange

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 :)

rolf

Member

Re: Lebanese lira to USD exchange

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.

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.

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)?

rolf

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 :)

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)

Hybrid

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.

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

And Today's rate is 1900