Travelling to Bali, Indonesia? If so, you will need to know about the Indonesian Rupiah, which is the official currency of the island. While many people are familiar with the US dollar and the Euro, the Indonesian Rupiah is not as widely known. Though it may seem like a confusing currency, learning about it is essential for any visitor to Bali.
The Indonesian Rupiah, often abbreviated as IDR, is the official currency of Indonesia. It is divided into 100 smaller denominations known as sen. Coins come in denominations of 25, 50, 100, 200, 500, and 1000 Rupiah, while paper notes come in denominations of 1000, 2000, 5000, 10,000, 20,000, 50,000, and 100,000 Rupiah. One US dollar is equal to around 14,000 Rupiah.
When travelling to Bali, it is important to take cash in the form of Indonesian Rupiah. While credit and debit cards can be used in some places, it is best to have cash handy. This is especially true for smaller businesses and market stalls. Additionally, it is important to note that most businesses in Bali do not accept foreign currency.
Exchanging money while in Bali is easy. The airport has currency exchange counters, and there are also banks and money changers in the tourist areas. However, it is important to note that not all money changers are reputable. It is best to use a bank or an official money changer to ensure that you receive accurate rates.
When travelling to Bali, it is important to be aware of the exchange rate of the Indonesian Rupiah. This will help you budget for your trip, as well as ensure that you are not overcharged by money changers or other vendors. Additionally, it is important to be aware of the value of the Rupiah, as it can fluctuate over time.
The Indonesian Rupiah is an essential part of any trip to Bali. By familiarizing yourself with the currency and exchange rates, you can make the most out of your trip and ensure that you get the best value for your money.