Lebanese lira to USD exchange

nosense · 2019-10-28T20:39:26+00:00

Hello guys, I'm creating this thread so we can discuss the exchange rate for lira against USD. Today the price on some foreign exchanges changed, although...

kareem_nasser

NuclearVision wrote7$? more like 4$.
Meat has increased significantly in price but not poultry, i guess it will when they start running out of antibiotics, hormones and all the other crap they import to feed the chicken.
Kareem wrote people are after the essentials only.
You would be surprised.

We are still in denial.

infiniteloop

Do you know if in 1990/1991 people were getting salaries in lbp or $?
I wonder how they survived back then

Geoleb

Hello, if my client is going to pay me a usd check of let's say 1000$, what is the best way to cash it out? Noting that I don't have a USD bank account. I know I won't be able to cash it in USD but was wondering if I will be able to cash it in market exchange rate or the bank will force me to take it on 1515 L.L?

tech-guru

Is Bank Audi New Product Valid , Double USD amount when you deposit
& Either you can withdraw it @ 3000 LBP after doubling the amount or doubled USD amount but used on Cheque boncuire.

Example: I can withdraw 1000 USD as fresh dollars & withdraw them @1000×2×3000 = 6 million LBP.

http://www.businessnews.com.lb/cms/Story/StoryDetails/8587/Double-your-dollars-program-launched-by-Bank-Audi-and-others

NuclearVision

Tech Guru wroteIs Bank Audi New Product Valid , Double USD amount when you deposit
& Either you can withdraw it @ 3000 LBP after doubling the amount or doubled USD amount but used on Cheque boncuire.

Example: I can withdraw 1000 USD as fresh dollars & withdraw them @1000×2×3000 = 6 million LBP.

http://www.businessnews.com.lb/cms/Story/StoryDetails/8587/Double-your-dollars-program-launched-by-Bank-Audi-and-others

I can't understand a word, please edit or delete.
thanks

kareem_nasser

Bank Audi are "offering" anyone who deposits fresh dollars to be converted to "lollars" multiplied by 2.1, BUT capital controls will then apply.

Deposit 1000 USD x 2.1 = 2100 lollars :)

Lebanese genius marketing reached new heights.

TheIlluminative

I am paying around $800/month for a house that is under development. Any idea what is going to happen?

Of course giving him $$ is not even on the table. He can dream of it, but giving him LBP at the rate of 3.8 or 4 is too much.

Any idea what companies are doing nowadays?

xazbrat

NuclearVision wrote7$? more like 4$.
Meat has increased significantly in price but not poultry, i guess it will when they start running out of antibiotics, hormones and all the other crap they import to feed the chicken.
Kareem wrote people are after the essentials only.
You would be surprised.

As of last week, undiscounted 'baladi' meat was 22000 per kilo as compared to 15000 probably before the October revolution. You used to find deals on chicken legs 4 kg for 10000, but alas, the chicken legs now are between 4,5000-5000 per kg. Odd thing is that the price of chicken breasts has not changed though and chicken legs are smaller meaning the chickens are younger and/or not being shot up with hormones, etc before being slaughtered.

Last week, the butcher told me that he expected meat prices to be at 30000 per kg soon and chicken legs to consistently be over 5000/kg. I haven't checked on the status of that yet.

Geoleb

TheIlluminative wroteI am paying around $800/month for a house that is under development. Any idea what is going to happen?

Of course giving him $$ is not even on the table. He can dream of it, but giving him LBP at the rate of 3.8 or 4 is too much.

Any idea what companies are doing nowadays?

I have a similar problem, I made a down-payment on an apartment and was paying monthly payments until the Iskan comes back, however the contract was in USD and I still needed around 60000$ to finish. The owner now wants on higher exchange rate but I won't pay that much difference so I am trying to secure the rest of the amount due in LBP ( 90 millions lbp) to offer it in 1 payment. If he refuses I think I will go the legal way and hire a lawyer cause as I know, "legally" all contracts made in Lebanon should be paid in local currency with the official rate at the date of execution whether the contract was made in lbp or usd that's what I was told. Now the fist question is how to secure all the remaining amount!
Don't know if a similar solution can be helpful in your case!

NuclearVision

TheIlluminative wroteI am paying around $800/month for a house that is under development. Any idea what is going to happen?

Of course giving him $$ is not even on the table. He can dream of it, but giving him LBP at the rate of 3.8 or 4 is too much.

Any idea what companies are doing nowadays?

The best would be paying him LBP if he accepts.
Otherwise, just freeze the whole thing until further notice, that's what I would do.

tech-guru

kareem_nasser wroteBank Audi are "offering" anyone who deposits fresh dollars to be converted to "lollars" multiplied by 2.1, BUT capital controls will then apply.

Deposit 1000 USD x 2.1 = 2100 lollars :)

Lebanese genius marketing reached new heights.

Getting them 2100 × 3000 = 6,300,000 LBP & flipping them back to USD in the black market is a good manoeuvre I can do. It will not each a 6000 rate suddenly. Plan B, is closing a debt or give some a Cheque Boncuire @ 2100 USD ( Quick Example: Ordering items from Amazon through Shipped.io, they do accept a bank cheque.

6,300,000 / 5000 (Assume the rate reaches 5000) = 1260 USD , a good 260 USD.

It is a smart move from Audi to get USD from people @ giving them LBP @ approximately 6000 Rate vs the current black market. Hopefully it will be a one two day flip , no maturity days applies as the LBP rapidly losing against USD.

Monday I will call Audi. If everything is clear , I will deposit 10,000 USD fresh money.

m0ei

Shipped.io accepts a USD bank cheque? that's weird!

nuclearcat

I think trying to outsmart Audi is bad idea :) but if someone risky enough - try that...

VincentKeyboard

infiniteloop wroteDo you know if in 1990/1991 people were getting salaries in lbp or $?
I wonder how they survived back then

We were getting paid in LBP back then. People would literally refuse US dollars.
The difference is that back then, the economy was based on LBP alone and rafik harirri heavily reinforced that.
The dollar meant nothing to people.
I remember we tried to buy a TV in 1991 and the store refused to accept dollars. It was a National.
We used to get upset if the grocery store returned a dollar bill for change because it was difficult to get rid of it.
Despite everything, life in the early to mid 90s was beautiful. We have Music Television (MTV). We have the perfect mix of traditional life and technology. We had both computers and arcade places. We had the cassette and the CD. The music was beautiful.

I would go Thanos on this planet to get the 90s back!

sero

Tech Guru wrote
kareem_nasser wroteBank Audi are "offering" anyone who deposits fresh dollars to be converted to "lollars" multiplied by 2.1, BUT capital controls will then apply.

Deposit 1000 USD x 2.1 = 2100 lollars :)

Lebanese genius marketing reached new heights.
Getting them 2100 × 3000 = 6,300,000 LBP & flipping them back to USD in the black market is a good manoeuvre I can do. It will not each a 6000 rate suddenly. Plan B, is closing a debt or give some a Cheque Boncuire @ 2100 USD ( Quick Example: Ordering items from Amazon through Shipped.io, they do accept a bank cheque.

6,300,000 / 5000 (Assume the rate reaches 5000) = 1260 USD , a good 260 USD.

It is a smart move from Audi to get USD from people @ giving them LBP @ approximately 6000 Rate vs the current black market. Hopefully it will be a one two day flip , no maturity days applies as the LBP rapidly losing against USD.

Monday I will call Audi. If everything is clear , I will deposit 10,000 USD fresh money.

I don't recommend you put any cash $$ at any Lebanese bank no matter their offer, can't you see what they have been doing for the past 6 month? how can you still trust them!
fool me once shame on you, fool me twice shame on me

Although the x 2.1 is confirmed news. news concerning being able to withdraw them at 3,000 is not yet accurate.
Always remember that any deal you make with any bank is always in benefit to the bank. So think about it, why would Bank Audi do this and not just buy cash USD from a sarraf at 4,000 instead?

Elie335

sero wrote
Tech Guru wrote
kareem_nasser wroteBank Audi are "offering" anyone who deposits fresh dollars to be converted to "lollars" multiplied by 2.1, BUT capital controls will then apply.

Deposit 1000 USD x 2.1 = 2100 lollars :)

Lebanese genius marketing reached new heights.
Getting them 2100 × 3000 = 6,300,000 LBP & flipping them back to USD in the black market is a good manoeuvre I can do. It will not each a 6000 rate suddenly. Plan B, is closing a debt or give some a Cheque Boncuire @ 2100 USD ( Quick Example: Ordering items from Amazon through Shipped.io, they do accept a bank cheque.

6,300,000 / 5000 (Assume the rate reaches 5000) = 1260 USD , a good 260 USD.

It is a smart move from Audi to get USD from people @ giving them LBP @ approximately 6000 Rate vs the current black market. Hopefully it will be a one two day flip , no maturity days applies as the LBP rapidly losing against USD.

Monday I will call Audi. If everything is clear , I will deposit 10,000 USD fresh money.
I don't recommend you put any cash $$ at any Lebanese bank no matter their offer, can't you see what they have been doing for the past 6 month? how can you still trust them!
fool me once shame on you, fool me twice shame on me

Although the x 2.1 is confirmed news. news concerning being able to withdraw them at 3,000 is not yet accurate.
Always remember that any deal you make with any bank is always in benefit to the bank. So think about it, why would Bank Audi do this and not just buy cash USD from a sarraf at 4,000 instead?

I agree. Just boycott all banks. They stole enough.

rolf

VincentKeyboard wrote I would go Thanos on this planet to get the 90s back!

Cars were crappy.
But technology was generally more reliable.

rolf

Geoleb wroteNow the fist question is how to secure all the remaining amount!

I think you may need to secure more than the amount in LBP (90 million) because lawyers are expensive...

Kareem

sero wrote
Tech Guru wrote
kareem_nasser wroteBank Audi are "offering" anyone who deposits fresh dollars to be converted to "lollars" multiplied by 2.1, BUT capital controls will then apply.

Deposit 1000 USD x 2.1 = 2100 lollars :)

Lebanese genius marketing reached new heights.
Getting them 2100 × 3000 = 6,300,000 LBP & flipping them back to USD in the black market is a good manoeuvre I can do. It will not each a 6000 rate suddenly. Plan B, is closing a debt or give some a Cheque Boncuire @ 2100 USD ( Quick Example: Ordering items from Amazon through Shipped.io, they do accept a bank cheque.

6,300,000 / 5000 (Assume the rate reaches 5000) = 1260 USD , a good 260 USD.

It is a smart move from Audi to get USD from people @ giving them LBP @ approximately 6000 Rate vs the current black market. Hopefully it will be a one two day flip , no maturity days applies as the LBP rapidly losing against USD.

Monday I will call Audi. If everything is clear , I will deposit 10,000 USD fresh money.
I don't recommend you put any cash $$ at any Lebanese bank no matter their offer, can't you see what they have been doing for the past 6 month? how can you still trust them!
fool me once shame on you, fool me twice shame on me

Although the x 2.1 is confirmed news. news concerning being able to withdraw them at 3,000 is not yet accurate.
Always remember that any deal you make with any bank is always in benefit to the bank. So think about it, why would Bank Audi do this and not just buy cash USD from a sarraf at 4,000 instead?

Confirmed from insiders, rate would be 1515 LL not 2600, 3000 or anything in this range.

tech-guru

m0ei wroteShipped.io accepts a USD bank cheque? that's weird!

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