Money in Bali/Indonesia
#1
Original Poster
Joined: Jun 2006
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Money in Bali/Indonesia
Now that the countdown clock has begun for our April trip, I'm starting to think about logistics.
For carrying cash, what's the best way to go in Bali and Yogyakarta? I assume ATMs are prevalent in both places, but will we want mostly rupiah on us or do we also want US cash as well?
We're hiring Putu and he quotes us in $$ so I'm not sure if he gets paid in $$ or not.
Also assuming it makes send to get cash at the ATM upon arrival at Denpasar airport vs getting anything beforehand?
For carrying cash, what's the best way to go in Bali and Yogyakarta? I assume ATMs are prevalent in both places, but will we want mostly rupiah on us or do we also want US cash as well?
We're hiring Putu and he quotes us in $$ so I'm not sure if he gets paid in $$ or not.
Also assuming it makes send to get cash at the ATM upon arrival at Denpasar airport vs getting anything beforehand?
#3
Joined: Jan 2003
Posts: 33,288
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Get rupiah on arrival from the ATM (yes, they are everywhere). Rupiah are another curency that is worthless outside the country, so you wouldn't be able to get it at an official exchange. I don't know about Putu. We never used anything but rupiah anywhere in Indonesia.
Once when Cheryl took money out of an ATM in Bali, it gave her the account balance in rupiah... she suddenly felt very, very rich.
Once when Cheryl took money out of an ATM in Bali, it gave her the account balance in rupiah... she suddenly felt very, very rich.
#4
Joined: Jul 2005
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Do remember to have the $25 in exact change on you for the visa on arrival purchase. The practice now seems to be to give you change in Rupiah, at who knows what exchange rate.
Also, as has been noted many times, they can be quite fussy about the quality of the US$ bills.
Lastly, when using an ATM, check the signs on it to see what the largest denomination they give out is - some give out 50,000 others 100,000. It's a bit uncomfortable sitting on 3M in 50's in your wallet.
Also, as has been noted many times, they can be quite fussy about the quality of the US$ bills.
Lastly, when using an ATM, check the signs on it to see what the largest denomination they give out is - some give out 50,000 others 100,000. It's a bit uncomfortable sitting on 3M in 50's in your wallet.
#5
Joined: Jan 2003
Posts: 6,160
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filmwill,
Putu knows good money changers around town and I find their rates better than the banks by about 5%. I would change only the amount you need as converting the Rupaih back to $ is more difficult or you will loose out in the exchange rate.
Putu knows good money changers around town and I find their rates better than the banks by about 5%. I would change only the amount you need as converting the Rupaih back to $ is more difficult or you will loose out in the exchange rate.
#6
Original Poster
Joined: Jun 2006
Posts: 2,433
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Hmm...I guess I just get nervous about carrying all the cash we'd need for our entire stay on us in USD (to then change @ banks.)
...and traveler's checks just seem such a dated concept.
Looks like the best bet is to bring a couple hundred in USD (for emergencies and for visas, etc.) and then just use ATMs as needed for rupiah.
...and traveler's checks just seem such a dated concept.
Looks like the best bet is to bring a couple hundred in USD (for emergencies and for visas, etc.) and then just use ATMs as needed for rupiah.
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#14
Joined: Mar 2003
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Last time we were in Bali with his Bobness, he and I went to the ATM's together several times. I did not watch his transactions, but each time I was able to withdraw 3,000,000 Rupiah. I suspect that he once again delusional. FW, you'll be able to withdraw as much as I.
#17
Joined: Jun 2003
Posts: 2,801
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Agree, I think they should drop some zeros the way the French did with the franc. The pricy restaurants already quote prices in thousands which is very annoying.
Actually it always amazes me that when you buy something at a local market you get change in one Rupiah coins. I can't even calculate how little that is. A good example of the parallel economies (universes, almost) in Indonesia.
You should be aware that there was a major ATM scam operating in Bali and other parts of Indonesia earlier this year. Google "ATM Scam Bali" to read about it. I believe the perps were arrested but it still makes me wary of ATMs. Not that money changers are any better, though.
Actually it always amazes me that when you buy something at a local market you get change in one Rupiah coins. I can't even calculate how little that is. A good example of the parallel economies (universes, almost) in Indonesia.
You should be aware that there was a major ATM scam operating in Bali and other parts of Indonesia earlier this year. Google "ATM Scam Bali" to read about it. I believe the perps were arrested but it still makes me wary of ATMs. Not that money changers are any better, though.
#20
Joined: Jan 2006
Posts: 1,880
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There are ATM's everywhere, I travel with 50.00 US no matter where I go and then just use the ATM, for me that works best. ATM's at a minimum dispense 1 million although most common amount is 1.5 million is what I found except down south by the beaches 2-3 million, I thin it's called DANOM the ATM machine with yellow sign that's the one I usually use.
have fun
have fun

