Bank Indonesia Urges Foreign Tourists in Bali to Exchange Money in Authorized Money Changer

Translator

Non Koresponden

Editor

Laila Afifa

17 August 2022 20:38 WIB

TEMPO.CO, Jakarta - Bank Indonesia warns foreign travelers to exchange currency in authorized money changer services. This was stated following the increase in tourist visits to the Bali Island. 

"It can be identified through the signboard showing that it is an 'Authorized Money Changer' followed by the name of the business," said Bali head branch of Bank Indonesia (KPwBI), Trisno Nugroho, in Denpasar, Wednesday, August 17. 

Trisno said that money changer service would display the logo or certificate issued by the central bank. The logo contains QR code that has the information on the identity or permit of the money changer service. 

Bank Indonesia has already pushed the travelers to do a reservation before exchanging their money, which can be done online through Authorizedmoneychanger.id site. 

The site also shows the locations of licensed money changer services and the exchange rate. The Indonesian central bank collaborates with the Association of Foreign Exchange Traders (APVA) Bali chapter in setting the website. 

"We hope that this website can be one of the media to prevent or reduce unauthorized money changers that may harm the foreign tourists and the locals, as well as pose the potential to damage the image of Bali tourism," said Trisno.

He went on to say that transacting at authorized money changer will save travelers from the risk of fraud and crime. In addition, tourists can avoid the circulation of counterfeit or damaged money. "Never be tempted by the high rates offered by unlicensed money changers," said Trisno.

ANTARA

Click here to get the latest news updates from Tempo on Google News



FAO Director General Qu Dongyu Visits Bali

5 jam lalu

FAO Director General Qu Dongyu Visits Bali

FAO director-general Qu Dongyu, visited a UNESCO world heritage in Jatiluwih Rice Terrace and interacted with the local officials and farmers.


Bank Indonesia Sees Surge in QRIS Users; Transactions Hit Rp9.66tn

1 hari lalu

Bank Indonesia Sees Surge in QRIS Users; Transactions Hit Rp9.66tn

The number of users and transaction value of one of Bank Indonesia or BI's non-cash payment systems, QRIS, continues to increase.


Bank Indonesia Predicts 1.10 Percent Inflation for September 2022

4 hari lalu

Bank Indonesia Predicts 1.10 Percent Inflation for September 2022

Bank Indonesia explained that commodities driving inflation includes fuel and public transportation.


Sandiaga Uno Recommends Wedding Destinations Apart from Bali

4 hari lalu

Sandiaga Uno Recommends Wedding Destinations Apart from Bali

Tourism and Creative Economy Minister Sandiaga Uno offers recommendations of five destinations that can be used as wedding locations other than Bali.


G20 Meeting Produces Bali Guidelines; an Inclusive, Sustainable Vision for Tourism

5 hari lalu

G20 Meeting Produces Bali Guidelines; an Inclusive, Sustainable Vision for Tourism

The G20 meeting in Bali produced a fundamental agreement to support the emergence of tourism under the Bali Guidelines.


Air Passengers to Bali Spikes 123 Percent, Minister Luhut Recalls

6 hari lalu

Air Passengers to Bali Spikes 123 Percent, Minister Luhut Recalls

Minister Luhut Pandjaitan reiterated a report that the air passenger increase to Bali had increased by more than 123 percent.


Foreign Travelers' Interest to Visit Indonesia Increases by 36%

7 hari lalu

Foreign Travelers' Interest to Visit Indonesia Increases by 36%

Google Indonesia's travel industry analyst says that 2022 is a year of revival for Indonesia's tourism sector.


Jokowi: Foreign Tourist Arrivals in Indonesia May Double Next Year

7 hari lalu

Jokowi: Foreign Tourist Arrivals in Indonesia May Double Next Year

Indonesian President Jokowi says that the number of foreign tourists entering the country in 2022 will double when compared to 2021.


Sandiaga Uno Expects Bali to Become Tourism Center of Excellence

9 hari lalu

Sandiaga Uno Expects Bali to Become Tourism Center of Excellence

Tourism and Creative Economy Minister Sandiaga Uno stated that Bali is expected to become a center of excellence in tourism for other regions


Entrepreneurs Lament Weak Economy, High Inflation Amid Aggressive BI Rate Growth

11 hari lalu

Entrepreneurs Lament Weak Economy, High Inflation Amid Aggressive BI Rate Growth

Entrepreneurs estimate that the inflation rate in Indonesia will continue to rise despite Bank Indonesia's aggressive interest rate increase.