Can we buy USD to Save?

honesty

Well-known member
  • May 2, 2015
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    Machan, is there any way to buy usd online and save for further use?
    predictions of USD LKR rate is gonna get madly high, so saving in usd is a wiser option neh?? :dull:
     

    thinking_guy

    Well-known member
  • Apr 16, 2011
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    I had the same question some time back and I called LOLC and asked
    about their RFC (Residential Foreign Currency) account facilities. As per them, any
    Sri Lankan can open a RFC account with zero balance. But you must have foreign
    remittance in order to fund the account. It is not feasible to convert LKR in to
    USD and deposit in a legitimate way.
     

    honesty

    Well-known member
  • May 2, 2015
    2,486
    4,676
    113
    I had the same question some time back and I called LOLC and asked
    about their RFC (Residential Foreign Currency) account facilities. As per them, any
    Sri Lankan can open a RFC account with zero balance. But you must have foreign
    remittance in order to fund the account. It is not feasible to convert LKR in to
    USD and deposit in a legitimate way.

    I need online deposit method mchn, not something like domestic RFC account