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OTCbid - Report: Lebanon Planning to Devalue Currency by 93%, Depositors to Lose $38 Billion























" The Lebanese government is reportedly planning to devalue the local currency by up to 93% in a desperate bid to receive funding from the International Monetary Fund (IMF). As part of the plan, a major portion of foreign currency deposits in the banking system will be converted into local currency at different exchange rates.

Bailout Only Path Out of Crisis

In a bid to tackle its financial crisis, the Lebanese government is reportedly pursuing a plan that will see the country’s local currency being devalued by 93%. In addition, the government plans to convert a significant portion of foreign currency deposits in the banking system into the Lebanese pound.

According to a Reuters report, the Lebanese government hopes pursuing this financial plan will enable the country to secure a bailout from the International Monetary Fund (IMF). This bailout is seen as Lebanon’s only path out of a long-running financial crisis." - Read Full Article

Source: bitcoin


" We get asked for millions of BTC from billion-dollar companies. We can do it with multiple sellers and multiple wallets."

- OTCbid
 -6% gross, -3% net, Escrow, Signature Bank in NY

Seller Mandate Only

NEW: NEW: 50K+ BTC @ -6% gross, -3% net, Escrow, Signature Bank in NY - Look For Seller

(Seller :  SMI...TEL-TELE)

Post: 12.2.22

  • Buyer is looking for 50+ BTC  @ -6% gross, -3% net​

  • The buyer is a US bank specifically for High net-worth individuals

  • Seller must be onboarded with Signature Bank. It is a US bank specifically for HNWI.

  • Buyer = 3%

  • Buyerside = 1.5%

  • Sellerside = 1.5%

  • ​​​PROCEDURE: 

  • Both buyer and seller will have a call to discuss rolls and extensions and to meet each other

  • Step 1: Seller needs to send account details from their Signature Bank account, as well as a Proof of Coins, and buyer shall send Proof of Funds.

  • Step 2: Buyer shall wire the tranche amount in [USD] to an escrow account at Signature Bank to be jointly determined in agreement between the two parties, hereafter referred to as “Escrow Agent”.

  • Step 3: Escrow Agent shall confirm receipt of the deposited funds with written notification to the Parties.

  • Step 4: Seller shall transfer the Tranche Number of Bitcoins to the Buyer’s Designated BTC Wallet with the Wallet Identification Number listed on page 3.

  • Step 5: Buyer shall confirm to Escrow Agent and the Seller receipt of the Bitcoins in its designated Wallet 

  • Step 6: The Buyer shall have twenty-four (24) hours in which to review and confirm the authenticity of the BTC. If the Buyer is unable to authenticate the BTC, it shall immediately notify the Escrow Agent and the Seller of such and the sale of the BTC will be terminated.

  • Step 7: If the sales contract is terminated as per Step 5, the Escrow Agent shall immediately wire transfer the funds on deposit in the Escrow Account back to the Buyer without setoff or any deduction once the bitcoins of the tranche have been returned to the Seller. Otherwise, the Escrow Agent shall transfer the funds on deposit in the Escrow Account to the Seller’s account listed below.

  • Step 8: Escrow Agent shall pay the sales commissions as per the instructions outlined herein in Exhibit H.

  • Step 9: Repeat Steps 1-8 until this contract is complete for all 5,000-50,000 Bitcoins.​​


Interested parties should contact :

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