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Currency in Bali: Learn It for a Stress-free Holiday!

currency in bali, Currency in Bali: Learn It for a Stress-free Holiday!

Have you booked your flight and packed your belongings for a trip to Bali? But you still need to be fully ready. If you want to taste fantastic food in Bali or buy souvenirs for your loved ones, you need to know about the currency in Bali. So you won’t be puzzled or get into trouble during your holiday.

We prepared basic knowledge and some tips about the currency in Bali. Such as utilizing credit and debit cards, ATMs, cash, and Indonesian digital payments using QRIS. There are also the do’s and don’ts you should be aware of. 

After reading this brief explanation, you won’t be worried about strolling around Bali even if you are a first-timer. You could enjoy a luxurious dinner, try street food, or even bargain for a fair price while buying traditional merchandise in public markets.

Here is everything you need to know about currency in Bali

1. Official Currency in Bali

The essential information you need to know is the legal currency in Bali is Indonesia Rupiah (IDR), or the locals usually use Rp as the sign. The Indonesian rupiah consists of 100,000, 50,000, 20,000, 10,000, 5,000, 2,000, and 1,000 paper money. Meanwhile, the coins are 100, 200, 500, and 1,000.

2. Where’s the trustworthy money changer for currency in Bali?

Since Bali is the biggest tourist attraction in Indonesia, you don’t have to worry about this. But it doesn’t mean to loosen your awareness. Indonesia’s central bank, Bank Indonesia, urges tourists to exchange currency at authorized money changers. Bank Indonesia also provides tips and tricks on how to do so.

The easiest way is the signboard showing ‘Authorized Money Changer’ and the business’s name following behind it. Also, there is a display logo and certificate issued by Bank Indonesia. The stamp includes a QR code that contains information on the identity or permit of the money changer service.

You can make a reservation before exchanging money for your convenience and safety. You only have to go to the authorized moneychanger.id site and register online. The site also shows the locations of licensed money changer services and the exchange rates. 

If you plan to bring cash, ensure it doesn’t exceed the value of IDR 100,000,000. Otherwise, you must complete the declaration and pay a tax on the total amount.

3. Is it better to use cash or cards?

You can use cards as currency in Bali. Both Visa and MasterCard are widely accepted. But mainly, it could only be used in hotels, restaurants, or any hot places for tourists. 

If you want to buy something at local businesses or small markets, they rarely have EFT-POS machines for your cards. There are also souvenir places that do not include the price tag, so you have to bargain to get a fair price, and all you need is cash.

We suggest you have a wide range of rupiah if you must pay the parking guy or spend the night with a street food agenda because the owner might need help to make changes. 

Indonesian Rupiah banknotes come in denominations such as 1,000, 2.000, 5,000, 10,000, 20,000, 50,000, and 100,000, with coins also in circulation.

A little advice: Tipping is appreciated but not mandatory, and it’s typically done in cash.

Read more details about Sydney to Bali Flight Time here.

4. You can withdraw money from ATMs using a debit card

Yes, there is no need to worry if you are out of cash and only have a debit card. You can withdraw money from ATMs. The location is mainly near tourist attractions. 

ATMs dispense either IDR50,000 or IDR100,000. The machine has a sticker, so you can choose which one to use. Maximum withdrawal of IDR1,250,000 (for IDR50,000 bill machines) to IDR3,000,000 (for IDR100,000 bill machines) per transaction. Note that the total complete withdrawal per day is IDR6,000,000.

Watch out for digital pad skimming devices found in ATMs. Choose safe places such as banks, shopping malls, or areas with security cameras.

5. Other options besides cash and cards: Digital wallet

QRIS (Quick Response Code Indonesian Standard) is a payment method using QR codes initiated by Bank Indonesia. So don’t be surprised if you find many QR codes in public markets across the island since the central bank has already announced plans to expedite the use of QRIS in Bali.

QRIS uses the currency in Bali, which is the Rupiah and is very helpful for a cashless person. If you are from Singapore, Malaysia, or Thailand, using QRIS is a minor deal since it’s already been introduced in your country. When you meet the merchant with the QRIS code, you only need to scan it, and you’re done.

You can also sign up for a digital wallet in Indonesia through apps like GoPay, OVO, LinkAja, DANA. To use these services, having a local SIM card with data can be quite convenient. You can top up your balance in those apps.

6. Don’t Use Crypto as Payment, use Rupiah as currency in Bali

Big alert for you who have cryptocurrency. Please don’t try this in Bali; you want to be kicked off this beautiful island. As of May 2023, the Bali Provincial Government warned foreign tourists that they can’t use crypto as payment. Including paying for hotels, restaurants, tourist destinations, shopping centres, and other places.

If you pay with cryptocurrency, you will face strict penalties. Deportation is one of the harsh measures, along with administrative sanctions, criminal punishments, and other severe penalties.

However, you shouldn’t be concerned if you have cryptocurrency assets. You still have permission to come to Bali. Just remember not to use it as payment.

7. Currency Calculator Apps

Consider using currency converter apps or websites to stay updated with the current exchange rates before making transactions. These tools can help you make informed financial decisions during your stay in Bali.

Remember that a mix of cash and card payments is recommended for your trip. Cash is essential for smaller expenses and places that don’t accept cards, while cards provide convenience in more prominent establishments. Maintain awareness of your surroundings and take precautions with your belongings to ensure a safe and enjoyable visit to Bali.

AUD to Bali Currency, Tips for Australian Traveller

1. AUD to Bali Currency Exchange

When visiting Bali as an Australian traveller, understanding the AUD to Bali currency exchange process is crucial. Bali uses the Indonesian Rupiah (IDR) as its currency. Exchange rates between the Australian Dollar (AUD) and IDR can fluctuate, so it’s wise to check the current rates online or at your local bank before you travel.

Changing cash upon arrival in Indonesia could be the best choice because local rates are so much better. All international airports (including Bali Ngurah Rai International Airport) have at least one money changer with fair rates.

  • You can exchange your AUD for IDR at various locations in Bali, including airports, banks, hotels, and authorised money changers.
  • Ask the money changer for the current exchange rate. You can also check it on your phone using a currency conversion app.
  • After they provide you with Indonesian Rupiah, count the IDR you receive to ensure accuracy.
  • Keep the receipt of the transaction. It’s a good practice to keep this as proof of the exchange, just in case.

To get the best rates, it’s advisable to compare different options. Be cautious about exchanging money with street vendors.

2. ATM Withdrawals from Australian Bank to Bali Currency

ATMs are readily available throughout Bali, allowing you to use your Australian debit or credit card to withdraw IDR. However, be aware of potential fees associated with foreign transactions and ATM withdrawals.

Some banks, for example, Citibank, do not charge withdrawal or conversion transaction fees when withdrawing overseas if you use their ATM. But if you withdraw money via ATMs of another bank in a foreign country, then inter-banking operational fees are still applicable. Usually, it is about 3-3.5% per transaction.

It’s advisable to check with your bank regarding these fees. To save on fees, withdraw larger amounts less frequently.

Here are some tips for withdrawing cash from ATMs in Indonesia (Bali):

  • Use ATMs located at reputable banks, and exercise caution when using ATMs, particularly at night, to avoid potential card skimming scams.
  • Insert your Australian debit or credit card into the ATM. The ATM screen will prompt you to choose a language. You can typically select English.
  • Enter your personal identification number (PIN) securely, then choose “Withdrawal” or “Cash Withdrawal”. ATMs in Indonesia accept both – 4 and 6-digit pins.
  • Enter the amount of Indonesian Rupiah (IDR) you want to withdraw. Be aware of any fees associated with the transaction.
  • Take your cash, and check the receipt for the transaction details. Don’t forget to take your card and any receipts provided by the ATM. 
  • The machine may ask if you want to perform another transaction; if not, choose “No” to end the session.
  • Keep your cash and card secure, and be mindful of your surroundings as you leave the ATM location.

3. Australian Credit and Debit Cards

Major credit cards such as Visa and MasterCard are widely accepted in Bali, particularly at hotels, restaurants, and larger retail establishments. Before travelling, notify your bank about your plans to prevent your card from being blocked due to suspicious international transactions.

When making card payments, opt for the local currency, Indonesian Rupiah (IDR), to secure a better exchange rate, and avoid dynamic currency conversion (DCC) as it often results in less favourable rates.

In conclusion, Bali’s unique currency landscape mirrors the island’s rich and diverse culture. The Indonesian Rupiah remains the official currency, providing a stable financial foundation for the island’s economy. So, whether you’re exchanging money or simply embracing the island’s treasures, Bali offers a wealth of experiences that extend far beyond its monetary value.

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