The unit of currency in Bali is the Indonesian Rupiah,
the international currency exchange description for which is IDR.
Notes are issued in denominations of Rp 1,000, Rp 2,000,
Rp 5,000, Rp 10,000, Rp 20,000, Rp 50,000 and Rp 100,000. Although no longer
issued, some older Rp 500 notes are still in use. Counterfeit notes are a
problem in Bali, particularly 20,000 and 50,000 notes, and many establishments
will not accept old, worn or damaged notes.
Coins are issued in denominations of Rp 25, Rp 50, Rp
100, Rp 500 and Rp 1,000.
ATM’s accepting international cards are plentiful in
Bali. Charges for withdrawals apply and details of transactional fees should be
obtainable from your own bank.
Credit Cards are also widely accepted in the major
tourist destinations and hotels and shops, though it should be noted that
retail outlets may often add a surcharge to cover Credit Card
commissions.
Credit card theft and fraud is widespread throughout
Indonesia. Never let your card be taken from your sight and, if possible, use
ATM’s inside bank premises.
Travellers Cheques have limited use, as some brands will
not be accepted. Cash in Euros and US Dollars are readily exchanged by
moneychangers, though, as is also the case with their own currency, old,
damaged or worn notes are likely to be refused.
Carrying cash is best accomplished using a money belt
discreetly hidden under clothing, and beyond the reach of pickpockets,
transferring smaller amounts of usable cash out of public sight into a wallet
for general use. Credit cards and passports should also be stored in this manner.