We act as the North wholesalers, whereas we buy all foreign currencies from local exchangers and banks and sell them to our correspondents in Beirut.

Naturally, this has enabled us to have the best rates in the region and to supply it with foreign currencies in demand.

Of course, compliance takes place in this area as well, whereas Masrico files in KYC/CTS for the person/institution doing the exchange. Also we require documents to prove the source and purpose of the exchange.

PS: This is only applicable when exchanging amounts equal/higher than USD 10,000 or its equivalent as required by law.

When it comes to money transfer, Masrico acts as a “Hub” in the region. Foreign and local companies choose to work with Masrico for it’s known to have the following competitive advantages:

Competitive Advantages:

a-    The best customer service in the region

b-    An expert accounting team to keep records on track

c-     Always ready to payout any transfer no matter the amount transferred

d-    Pays out in the currency desired by the beneficiary (others force certain currencies on the beneficiary which causes dissatisfaction)

e-    Being 100% compliant with international remittance regulations whereas we file KYCs and collect necessary documents from                          beneficiaries to protect ourselves as well as the source agent (the agent sending the transaction, in this case your respectable selves)

f-     Having 2 large branches in the area that can accommodate many customers (up to 10 customers) and spare them precious waiting time,             especially when compared with all others in the area

g-    Masrico has recently employed 5 highly educated people (graduates and Masters holders) in order to drive the company to prosperity and        induce professionalism. This renders the contact with each other (yourselves and us) much easier and much more beneficial

h-    Masrico has the largest market share in North Lebanon