I’ve beforehand defined why OMT has gone to interchange banks for the Lebanese and the way it truly got here to develop into their most trusted monetary associate (right here). Which is why, an advert positioned on the facet of a bridge on the freeway is certain to draw consideration – and this one says that they’ve obliterated charges from the transfers in LBP pound inside Lebanon. In the event you assume this doesn’t imply a lot, assume once more – individuals are transferring sums to their relations, family members, enterprise companions contained in the Lebanese territory greater than ever at this level.
The Lebanese financial system is now predominantly a money financial system – from my physician doing his new clinic to the grocery retailer subsequent door. This is a joke – simply yesterday I used to be at my financial institution and there was a brand new card ready for me since my outdated one expired. I declined to take the brand new card as a result of it was ineffective, and my banker additionally mentioned “do not trouble with it, simply signal right here the brand new contracts to your withdrawals in money”. When your banker tells you that your native card is nugatory, it’s one thing one wants to consider – therefore OMT and their advert.
