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Not sure about Lebanon, but in Russia right now you can't do pretty much anything with your money if it's USD/EUR and is in the bank account. Cash withdrawals a
by notpushkin 4y ago
Not sure about Lebanon, but in Russia right now you can't do pretty much anything with your money if it's USD/EUR and is in the bank account. Cash withdrawals are banned, SWIFT transfers are blocked, and there's only one bank that allows sending USD between its users (it is generally prohibited but they've found a loophole). Go figure.
- reisse 4y agoWell, "withdraw in local currency, exchanged with a fair market conversion rate" is very far from "cash withdrawals are banned" or "can't do pretty much anything". And if you need cash, you can easily exchange that rubles back to good old USD cash with a 5% to 10% premium. Furthermore, SWIFT is not entirely blocked, it is just prohibitively complex and expensive for ordinary people now.