"All iPhone 14s were brought down using 100% cash margin and upfront USD payments." Does that make sense? 🤔🤔

Abusada Meich

Active member
  • Sep 18, 2022
    114
    122
    43
    I saw something to this effect on FB. Was in Sinhala and translated as far as I can understand. Can this be true though?

    If so, does that mean the phone shops and other companies actually paid their own USD (maybe from unconverted foreign currency accounts or actual paper money, perhaps reserved upfront from potential buyers) upfront and brought these to Sri Lanka? (Without using the usual route of opening LCs for the batch order with rupee payments and completing the transaction through the banking system)

    Can someone with a better knowledge tell me how exactly this was done? 🤔
     
    • Haha
    Reactions: Jangi-Hora

    Jangi-Hora

    Well-known member
  • Jan 13, 2022
    405
    606
    93
    I saw something to this effect on FB. Was in Sinhala and translated as far as I can understand. Can this be true though?

    If so, does that mean the phone shops and other companies actually paid their own USD (maybe from unconverted foreign currency accounts or actual paper money, perhaps reserved upfront from potential buyers) upfront and brought these to Sri Lanka? (Without using the usual route of opening LCs for the batch order with rupee payments and completing the transaction through the banking system)

    Can someone with a better knowledge tell me how exactly this was done? 🤔
    ⎂⎔⎀āļģ⎊ āļ‘āļšāļ§āļ¸ āļ¸āˇ™āˇŠ āļŊāˇ™āˇāˇŠāļšāˇ™ āļļ⎒āļĸ⎊āļĸāļšāˇŠ āļ¯āļąāˇŠ āļąāˇāļ­āˇ’ āļ‘āļšāˇ™āļšāˇŠ āļœāˇ™āˇāļ­āļŊāˇ āļšāˇ’āļēāļ´āˇ” āļšāļ­āˇāˇ€āļšāˇŠ. Official āļąāļ¸āˇŠ āļ­āˇāļ¸ āļŊāļ‚āļšāˇāˇ€āļ§ āļœāˇ™āļąāˇŠāļąāļŊāˇ āļąāˇ‘ āļ¸āļ¸ āļ¯āļąāˇŠāļą āˇ€āˇ’āļ¯āˇ’⎄āļ§. āļ¸āļ¸ āˇ„āˇ’āļ­āļąāˇŠāļąāˇ™ 99% āļšāļ§āļ­āˇŠ ⎀āļŠāˇ āļšāˇ€āˇ”āļģ⎔ scurvy āļšāˇ’āļēāļŊ āļ­āˇ’āļē⎙āļąāˇ€āˇ ⎀āļœāˇ™āˇŠ āļšāˇ€āˇ”āļģ⎔ ⎄āļģ⎒ āļ‘āļšāˇ™āļšāˇŠ ⎀⎙āļą āļģāļ§āļšāˇ’āļąāˇŠ āļ…āļģāļœāˇ™āļą āļ¸āˇ™āˇ„⎙āļ§ āļœāˇ™āļąāļŊ⎊āļŊāˇ ⎀⎒āļšāˇ”āļĢāļą āļ‘â€āˇŠāˇ€āˇ. 👍
     

    Abusada Meich

    Active member
  • Sep 18, 2022
    114
    122
    43
    Unge eh pette kattiya gewala mehata ewala- terenne nedda ponnayo?
    Muslim ewun ho gaala innawane Singapore wala- un ganne Singapore Apple Store eken aran mehata ate aran enawa nettan tawa Hamabyo set ekka ewanawa- hamabayo neti tenak ne ne :P
    If so, how do they close the transaction? Let's say they buy in Singapore with their own money and send them to Sri Lanka. Some guy pays for it in Rupees and buys the phone. How do they convert the rupees paid by the end customer to something that is useful to the person buying it in Singapore? Can you please explain? Of course earlier you could mention your business and convert those rupees to dollars from a bank. But that's stopped now. So what gives? 🤔

    ⎂⎔⎀āļģ⎊ āļ‘āļšāļ§āļ¸ āļ¸āˇ™āˇŠ āļŊāˇ™āˇāˇŠāļšāˇ™ āļļ⎒āļĸ⎊āļĸāļšāˇŠ āļ¯āļąāˇŠ āļąāˇāļ­āˇ’ āļ‘āļšāˇ™āļšāˇŠ āļœāˇ™āˇāļ­āļŊāˇ āļšāˇ’āļēāļ´āˇ” āļšāļ­āˇāˇ€āļšāˇŠ. Official āļąāļ¸āˇŠ āļ­āˇāļ¸ āļŊāļ‚āļšāˇāˇ€āļ§ āļœāˇ™āļąāˇŠāļąāļŊāˇ āļąāˇ‘ āļ¸āļ¸ āļ¯āļąāˇŠāļą āˇ€āˇ’āļ¯āˇ’⎄āļ§. āļ¸āļ¸ āˇ„āˇ’āļ­āļąāˇŠāļąāˇ™ 99% āļšāļ§āļ­āˇŠ ⎀āļŠāˇ āļšāˇ€āˇ”āļģ⎔ scurvy āļšāˇ’āļēāļŊ āļ­āˇ’āļē⎙āļąāˇ€āˇ ⎀āļœāˇ™āˇŠ āļšāˇ€āˇ”āļģ⎔ ⎄āļģ⎒ āļ‘āļšāˇ™āļšāˇŠ ⎀⎙āļą āļģāļ§āļšāˇ’āļąāˇŠ āļ…āļģāļœāˇ™āļą āļ¸āˇ™āˇ„⎙āļ§ āļœāˇ™āļąāļŊ⎊āļŊāˇ ⎀⎒āļšāˇ”āļĢāļą āļ‘â€āˇŠāˇ€āˇ. 👍
    Again, how do they exchange the rupees they get for the phone here, into something they can use abroad to buy it? Pettah? 🤔
    ------ Post added on Sep 23, 2022 at 1:04 AM
     

    raman2

    Well-known member
  • Feb 16, 2009
    9,912
    11,964
    113
    If so, how do they close the transaction? Let's say they buy in Singapore with their own money and send them to Sri Lanka. Some guy pays for it in Rupees and buys the phone. How do they convert the rupees paid by the end customer to something that is useful to the person buying it in Singapore? Can you please explain? Of course earlier you could mention your business and convert those rupees to dollars from a bank. But that's stopped now. So what gives? 🤔


    Again, how do they exchange the rupees they get for the phone here, into something they can use abroad to buy it? Pettah? 🤔
    ------ Post added on Sep 23, 2022 at 1:04 AM
    pitarata wada karala lankawata $ ewana unge $ aragena unge lankawe wifeta LKR denawa...
    bank ekata wada Rs 1 wadiyen dennam kiwwath athi sinhallu $ tika denawa..

    $ walin iphone ekak aran lankawe 2X price ekata LKR walata wikunanawa.. max profit. then rinse and repeat :lol:
     

    Abusada Meich

    Active member
  • Sep 18, 2022
    114
    122
    43
    pitarata wada karala lankawata $ ewana unge $ aragena unge lankawe wifeta LKR denawa...
    bank ekata wada Rs 1 wadiyen dennam kiwwath athi sinhallu $ tika denawa..

    $ walin iphone ekak aran lankawe 2X price ekata LKR walata wikunanawa.. max profit. then rinse and repeat :lol:
    So basically undial and illegal right? That's the point I'm trying to make. There's no way to complete the whole transaction legally. 👍