Don’t Use Bali Sharks To Change Your Money!


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I think I’ve given advice before on Bali money-changers – there’s one company I can definitely vouch for as reliable and polite, at least from my own experience…

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Central Kuta is good!

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.. but there are others you shouldn’t touch with a barge-pole.

The Balinese are onto this problem, and Ayu Astuti Dharmahas recommended that Bank Indonesiacreate official stickers bearing the Bank’s imprimatur to clearly differentiate legal from unauthorized moneychangers.

He said a change in the logo from the APVA is needed as many illegal moneychangers have simply made illegal copies of the Association’s current emblem.

Ayu is the APVA’s Chairman, and APVA is the official money-changers’ organisation. 

He warned that the illegal moneychangers tend to offer “better” rates of exchange, several hundred  rupiahs more per U.S. dollars than official APVA members. The higher rates are used to lure tourists to illegal moneychangers in order that trickery and fraud can be committed against the unsuspecting visitors. http://www.balidiscovery.com

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  • If you go to Bali, you’ll probably have a nice time, but that depends on your own common sense.