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INDONESIA (IDR) INDONESIAN RUPIAH
The national currency of Indonesia is the rupiah. This is commonly denoted on
price labels with the symbol ‘Rp’. Although the rupiah is made up of 100 sen,
high rates of inflation in Indonesia have meant that this unit is no longer
used. The internationally recognisable currency code is IDR.
Currently in circulation
In terms of coinage, denominations commonly come in the values of 100, 200 and
500 rupiah. You may also see coins to the values of 25, 50 and 1,000 rupiah but
these are more rare. The Bank Indonesia issues banknotes to the values of 1,000,
5,000, 10,000, 20,000, 50,000 and 100,000 rupiah.
Exchange facilities and traveller’s cheques
Larger urban areas should have foreign exchange facilities available to you.
Although you may be safer to depend on banks and larger reputable hotel chains.
Always be mindful of the commission charges involved and shop-around for a
respectable rate of exchange. Agree to the terms of a transaction before you go
ahead with it. Indonesia is a vast country and there are many more remote areas
where these facilities would not be available to you. Ensure you have a
sufficient cash balance with you in these circumstances before you go. Generally
speaking, traveller’s cheques are not ideal. Although you may be able to utilise
these in some of the more popular tourist destinations.
Using credit/debit cards
In Jakarta and some of the other larger cities, you may find more exclusive
establishments that are ready to accept credit cards. ATM machines would also
tend to be concentrated in the major Indonesian settlements. It may be wise to
ensure that you have sufficient cash for the more remote parts of the country.
Restrictions
There are restrictions in place on the amount of local and foreign currency that
you are entitled to bring into Indonesia. In both cases, this equates to
Rp50,000 or the equivalent and it must be declared to customs. There are no
restrictions for money being exported from the country for either local or
foreign currency.
Indonesia: an overview
Indonesia is made up of an archipelago of hundreds of islands which stretch in a
long chain for literally thousands of miles. The country is so immensely vast
and it includes a number of different cultures. Bali and Lombok are popular
tourist destinations for the western visitors and the tropical climate here
ensures that the weather will be extremely pleasant all year round.
The cost of living in Indonesia is very cheap when compared to western prices.
The more popular tourist destinations does see a huge hike in price tags,
compared with the average of the rest of the country, but you should still find
products and services to be relatively affordable.
