Travel Essential – Money Matters

The exchange rate for a US$1 was about Rp 13.450 at time of press.

It is advisable not to exchange large sums of money if you plan to be in Indonesia for more than a month. an than In preparation for what I’ve lovingly dubbed my “Eat, Pray, Freak the Eff Out That I’m Turning 30” jaunt to Europe next month.

I’ve started gathering information on what money matters to expect while abroad.
To answer my burning questions, I tapped Ed Perkins, contributing editor at Read on as we break down what every globe-trekker should do before and after stamping her passport:

Changing Money: Foreign currency, in bank notes and traveller’s check, is best exchanged at major banks or leading hotels (though hotel rates are slightly less favourable than bank rates). There are also limited numbers of registered money changers, but avoid unauthorised changers who operate illegaly. Banks in many smaller twons are not necessarily conversant with all foreign bank notes, so it is advisable to change most currencies in the cities. Your rupiah may be freely converted to foreign currencies when you are leaving the country.

Traveller’s cheques: Traveller’s cheques are a mixed blessing. Major hotels, banks and some shops will accept them, but even in the cities it can take a long time to collect your money (in small towns, it is impossible). The US$ is recommended for traveller’s cheques. Credit cards are usable if you say in the big hotels. International airline. Offices a few big city restaurants and art shops will accept them, but they are useless elsewhere.

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