LebGeeks

Tech Guru

Member

Re: Lebanese lira to USD exchange

Iam following the Turkish way ( easy access) ,taking LBP ~ 10,000,000 LBP / Person distributed on  3 persons (  30,000,000 LBP) and transfering the LBP to USD there ( I know two exchangers at Istanbul who take LBP).   The rate there is @ 1520 , in correlation of the BDL USD to LBP rate , since there is no official devaluation of the currency only black market demand/supply valuation. Way two if they disagreed there to exchange to USD (They sometimes do that) ,  they accept LBP to Turkish ,  got the Turkish Lira here and exchange it to USD. A win -  win situation that is working with me without the black market devaluation.

Last edited by Tech Guru (December 8 2019)

TheIlluminative

Member

Re: Lebanese lira to USD exchange

Nice one Tech, but why not 15,000,000? as you can take $10K with you?

Can you share the exchange offices there?

Padre

Member

Re: Lebanese lira to USD exchange

Iam following the Turkish way ( easy access) ,taking LBP ~ 10,000,000 LBP / Person distributed on  3 persons (  30,000,000 LBP) and transfering the LBP to USD there ( I know two exchangers at Istanbul who take LBP).   The rate there is @ 1520 , in correlation of the BDL USD to LBP rate , since there is no official devaluation of the currency only black market demand/supply valuation. Way two if they disagreed there to exchange to USD (They sometimes do that) ,  they accept LBP to Turkish ,  got the Turkish Lira here and exchange it to USD. A win -  win situation that is working with me without the black market devaluation.

And why not make money out of this cycle ?

chosen2k

Member

Re: Lebanese lira to USD exchange

Rate is 1495 in Turkey. People are shoving money down their pants and going there.

nosense

Member

Re: Lebanese lira to USD exchange

Rate is 1495 in Turkey. People are shoving money down their pants and going there.

Where is this ? my friend was yesterday there and the rate was 2800

Kareem

Member

Re: Lebanese lira to USD exchange

Rate is 1495 in Turkey. People are shoving money down their pants and going there.

Where is this ? my friend was yesterday there and the rate was 2800

Yeah that's what I was wondering lol... I had it confirmed by multiple sources that the rate in Istanbul is even higher than Beirut.

NuclearVision

Member

Re: Lebanese lira to USD exchange

Rate is 1495 in Turkey. People are shoving money down their pants and going there.

Where is this ? my friend was yesterday there and the rate was 2800

Yeah that's what I was wondering lol... I had it confirmed by multiple sources that the rate in Istanbul is even higher than Beirut.

Makes sense. I guess the exchanger tech guru was talking about, was not up to date with the situation, and will probably have to pay the loss out of pocket.

rolf

Member

Re: Lebanese lira to USD exchange

I have a feeling there is something fishy happening involving turkey.
The dual exchange rate is not good

Guitaret

Member

Re: Lebanese lira to USD exchange

Just sold USD @ 2000LL in Jounieh

Johnaudi

Member

Re: Lebanese lira to USD exchange

Rate 1950-2050 Mansourieh

duke-of-bytes

Member

Re: Lebanese lira to USD exchange

i was just in Istanbul , the rates Tech guru is talking about are not correct .. i checked 8 different places .. also Turkey is controlling the dollar exiting the state .. they are not dumb

Kareem

Member

Re: Lebanese lira to USD exchange

i was just in Istanbul , the rates Tech guru is talking about are not correct .. i checked 8 different places .. also Turkey is controlling the dollar exiting the state .. they are not dumb

I hope you smelled the sarcasm in our replies to his imaginary story.  Turkish exchange offices knew about the blackmarket rate before we even do.

Guitaret

Member

Re: Lebanese lira to USD exchange

I hope you smelled the sarcasm in our replies to his imaginary story.  Turkish exchange offices knew about the blackmarket rate before we even do.

I admit I had fallen for that story for a little while especially after another confirmation (check below)

Rate is 1495 in Turkey. People are shoving money down their pants and going there.

Kareem

Member

Re: Lebanese lira to USD exchange

I hope you smelled the sarcasm in our replies to his imaginary story.  Turkish exchange offices knew about the blackmarket rate before we even do.

I admit I had fallen for that story for a little while especially after another confirmation (check below)

Rate is 1495 in Turkey. People are shoving money down their pants and going there.

I guess that was the beginning of the sarcasm ^-^

rolf

Member

Re: Lebanese lira to USD exchange

BTW Bank Byblos debit card (USD) - last week you could withdraw up to the daily limit (1000 USD) in France. In Euros.

AVOlio

Member

Re: Lebanese lira to USD exchange

I have a debit card linked to an LBP account.
Until yesterday, I had no clue that I could have used the card for online purchases.
I was so excited that I cna purchase USD online with a LBP account linked debit card with the official exchange rate.
But I was disappointed when I found out that I can only spend 100$ MONTHLY in my case. 
Fransabank!

Kareem

Member

Re: Lebanese lira to USD exchange

BTW Bank Byblos debit card (USD) - last week you could withdraw up to the daily limit (1000 USD) in France. In Euros.

And btw, Middle east airlines are taking LBP @ 1507.5 LL  I just booked a flight.

rolf

Member

Re: Lebanese lira to USD exchange

It's high season! You must be desperate.
But anyway it's worth it, have a nice trip. Keep in mind that there is an open ended strike of public tranportation in France, so if you are going to Paris, you will feel right at home with the traffic jams and chaos.

Last edited by rolf (December 10 2019)

Kareem

Member

Re: Lebanese lira to USD exchange

It's high season! You must be desperate.
But anyway it's worth it, have a nice trip. Keep in mind that there is an open ended strike of public tranportation in France, so if you are going to Paris, you will feel right at home with the traffic jams and chaos.

Thanks Rolf, nothing but good news in the last 2 months. Paris is always very crowded and I spend most of my time on the road at peak hours. I'm gonna read more about the strike online.

rolf

Member

Re: Lebanese lira to USD exchange

Thanks Rolf, nothing but good news in the last 2 months. Paris is always very crowded and I spend most of my time on the road at peak hours. I'm gonna read more about the strike online.

Well either you have a high budget for Uber and Taxis, or you dress up warm, including gloves, beanie, parka, rent a bike and get ready to develop some serious thigh muscles.

Still a great experience, I hope you will have a good time.

Guitaret

Member

Re: Lebanese lira to USD exchange

Sold it @ 1970LL today.

FYI, Dollar in Dubai is selling for 3200LL right now

Kareem

Member

Re: Lebanese lira to USD exchange

Thanks Rolf, nothing but good news in the last 2 months. Paris is always very crowded and I spend most of my time on the road at peak hours. I'm gonna read more about the strike online.

Well either you have a high budget for Uber and Taxis, or you dress up warm, including gloves, beanie, parka, rent a bike and get ready to develop some serious thigh muscles.

Still a great experience, I hope you will have a good time.

I'm using lime, the scooter app. Very affordable and fun yet convenient. I also take uber for long rides. I'm still fighting with the bank to increase the international limit. I got the approval but the process is lost somewhere.

xazbrat

Member

Re: Lebanese lira to USD exchange

Just saw this in Turkey

5k

Guitaret

Member

Re: Lebanese lira to USD exchange

Just saw this in Turkey

https://pbs.twimg.com/ext_tw_video_thum … name=small

5k

I think that we earned our right for an official to come up in public and say it to our faces: The USD is not worth 1500LL anymore. I cannot tolerate the volatility in the prices anymore. I am afraid to pay for anything right now since I am not sure how much his/her USD is worth. Even a Syrian electrician yesterday did ask me to get paid for his work in USD so he can send it to his family abroad.
Not knowing the price to expect feels worse that an actual announcement that 1USD = 10,000LL.

Last edited by Guitaret (December 11 2019)

Kareem

Member

Re: Lebanese lira to USD exchange

Just saw this in Turkey

https://pbs.twimg.com/ext_tw_video_thum … name=small

5k

I just logged in to post this actually. Quite funny.