This step is being orchestrated by the central bank, which fears that allowing cryptocurrency usage to continue unfettered will threaten the sovereignty
of the rupiah, Indonesia's national currency.
Providing an example, he said that a sonokeling tree of less than a meter diameter was sold for Rp 100,000 (US$ 8) to Rp 300,000, whereas given time to grow, it could fetch millions
of rupiah.
To avoid this and get the right amount
of rupiah for your own currency, we made a list with tricks that happen a lot to scam the tourists.
Not exact matches
JAKARTA, April 25 - Indonesia's central bank on Wednesday urged businesses to hedge their foreign exchange needs beyond minimum requirements, as policymakers seek to mitigate risks
of further capital outflows following the
rupiah's slump.
For now, market participants expect the
rupiah to continue to face pressure though they don't anticipate the kinds
of precipitous declines seen in past years.
S&P said in March a
rupiah exchange rate
of 15,000 a dollar is «the psychological level» at which companies with weak balance - sheets could struggle with repayments and those with good cashflow might start to proactively restructure their debt.
The rupee joins the
rupiah (which had fallen more than 13 % against the U.S. dollar as
of August), and Brazil's real in a spate
of tough economic times for developing nations, particularly those with large current account deficits.
In Indonesia, which ended gasoline subsidies in 2015 and lowered the diesel subsidy to 500
rupiah (3.6 U.S. cents) per litre in 2016, retail prices also haven't risen by as much as the price
of crude oil.
She also revealed that the bank would take into account the inflation rate affecting Indonesia's currency as it determined the number
of digital
rupiah to release into circulation.
Indonesia's central bank said it won't hesitate to raise interest rates to stabilize the
rupiah, but that plan faces a hurdle in the form
of...
More than 300,000 people have borrowed from these firms, with total loan distribution reaching 3 trillion
rupiah ($ 218 million) as
of January, versus 247 billion in December 2016, according to data from the Financial Services Authority (OJK).
Restricted / Closed Defense sector (except weapons production) Traffic information systems (air, maritime, land) Alcoholic beverage production Marijuana cultivation Casinos Historical and sacred sites Chemical material industry that can damage the environment Pre-design and consulting services Architectural design services and architectural services Utilisation
of natural coral for aquariums, souvenirs and accessories Small and medium enterprises Any business with investment value
of less than 10 billion
rupiahs
100 % foreign ownership allowed Cold storage Sports centers Film processing labs Rubber and sugar industry) when engaging in partnerships with local farmers and use 30 % domestically produced raw material) Warehousing Tourism, E-commerce (with a marketplace value above 10 billion
rupiahs and when working with local warehousing companies) Toll road operators Telecom device certification Non-hazardous waste management Raw medicine materials Pharmaceutical ventures Restaurants, bars, cafés Film making Film distribution Cinemas (required to show Indonesian films at least 60 per cent
of their screen time) Direct selling Futures trading
Research shows that 80 %
of Indonesians are still unbanked, a potential reason why the Indonesian
rupiah (IDR) is one
of the most - traded currencies for Bitcoin worldwide.
Customers from our countries
of operation sometimes search for the price
of Bitcoin in their home currency: the Indonesian
rupiah (IDR), South African rand (ZAR), Nigerian naira (NGN) or Malaysian ringgit (MYR).
Two directors
of Indoguna, Juardi Effendi and Arya Abdi Effendi, were arrested by Indonesia's Corruption Eradication Commission at a city hotel on Wednesday with 1 billion
rupiah ($ 101,000) in cash in the car boot.
Indian buffalo meat sells for as little as the state - food agency set price
of 65,000
rupiah ($ US5) a kilogram in so - called wet markets in Jakarta, compared with about 115,000
rupiah a kilogram for beef from Australia in more upscale farmers» markets.
Flouting immigration and work permit laws in Indonesia is considered a serious breach that could earn perpetrators hefty fines up to 500 millions Indonesian
Rupiahs (about $ 38,000) and a prison sentence
of up to five years.
Sending a two - ton truck laden with goods within the island
of Java costs 5.1 million
rupiah, according to Deliveree, an app that helps companies book freight transport.
The Next Generation MPV from Mitsubishi will go on sale at the GIIAS 2017 at an estimated price
of 189 million to 246 million
Rupiah (INR 9.13 - 11.89 Lakhs).
Komodo bonds,
rupiah - denominated global bonds issued in Indonesia, «The Komodo dragon is a very large species
of lizards found in eastern Indonesia.»
Earnings and DPUs declined subsequently due to unfavourable weakening
of the Indonesian
Rupiah relative to the Singapore Dollar causing the once high dividend yield to fall to more realistic levels.
Major currencies are U. S. dollar, Euro, Swiss franc, etc. and the examples
of exotic currency are Indonesian
Rupiah, Taiwanese Dollar, Uruguay peso etc..
Indonesia's President Joko Widodo has paid 11m
rupiah ($ 800; # 600) to keep a rare Metallica album he received as a gift, to avoid any conflict
of interest, local media report.
The all - inclusive price for our one month Divemaster program is just IDR 27.500 (All prices are in Indonesian
Rupiah x 1000) which we believe offers fantastic value for money and is an industry setter in terms
of quality
of training and course content.
The president's visit coincided with the delivery
of trucks
of government aid valued at 7.2 billion
rupiah (# 400,000 / AU$ 685,000), including more than 18,000 mattresses, 12 tons
of rice, 520,000 masks and books for children.
Breakfast is included in the rate, and for single travellers a 50,000
rupiah discount is offered on the rate (unless
of course you'd like two breakfasts).
On mainland Bali they have a history
of snaring them for sale on the blackmarket for around 20 million
rupiah (around $ 2,000) each, one
of the volunteers told us.
o All payments made by credit Kate in Indonesian
Rupiah, based on the exchange rate on the date
of payment.
The ministry has set a budget
of five million
rupiahs for PR handling, information gathering, mitigation and recovery procedures.
A good value offer for non guests, is a day beach package where you can enjoy the pristine sand and reef with use
of kayaks, snorkelling equipment, beach towel, beach mat, swimming pool, WiFi and a soft drink for 100,000
rupiah, available from 11:00 to 18:00 (call ahead to book).
From the Parapat ferry port itself there are shared taxis charging in the region
of 100,000
rupiah for Medan with direct connections to Bukit Lawang possible if there are enough foreigners wanting to share the same car.
Alternatively you can charter your own boat for the day with guide, equipment and lunch included: fishing boats start at 600,000
rupiah per person with a minimum
of two (cheaper per person with more), or Go Green Tours boat is 2,000,000
rupiah for the day (boat only).
Sample fares include: Bukittinggi: 16 hours, 225,000
rupiah, 17:00 (note that prices from agents in Tuk - Tuk are negotiable and cheaper still from the bus station in Parapat but advance bookings are highly recommended as buses are usually full) Medan: 5 hours, 32,000
rupiah, regular departures Pematang Siantar: 1.5 hours, 15,000
rupiah, regular departures (check price) It is also possible to get to Berastagi, Sibolga and Ketambe from Pangururan on the opposite side
of Samosir Island, but this requires an hour and a half long journey from Tuk - Tuk first and this added time often makes it more time consuming than just catching transport from Parapat.
The village
of Tangkahan (where it is possible to wash or ride an elephant) is accessible by rented 4WD or motorcycle taxi for 400,000 and 150,000
rupiah respectively.
The unit
of currency used throughout Indonesia is the
rupiah.
Exact change in US dollars is recommended, although a selection
of other major currencies including
Rupiah are accepted, and any change will usually be given in
Rupiah.
Each diver in Gili trawangan has to pay a reef tax
of 30,000
Rupiah (= US$ 3).
All
of these amazing prizes added up bringing the raffle ticket sales to 28million
rupiah.
Tirta Gangga Jalan Abang, 7 km north
of Amlapura Daily 06:00 - 18:00 Admission: Foreigners: 20,000
rupiah, Indonesians: 10,000
rupiah, children under three free.
When you tire
of doing absolutely nothing, glass - bottomed boats can be hired out for approximately IDR 280.000
rupiah, inclusive
of snorkeling gear.
Bikes are available to hire at a couple
of spots along Jalan Mawar, Kalibukbuk for 30,000
rupiah per day.
Labuan Bajo's airport is located on the outskirts
of town and a bemo or ojek to the airport should cost around 10,000 to 15,000
rupiah while taxis charge a flat 50,000
rupiah for the ride (per vehicle, not per person).
Costs vary a little depending on vehicle and where you want to go, but expect to pay in the range
of 600,000 to 700,000
rupiah per day.
Ojeks or motorcycle taxis ply Labuan Bajo, and 5,000
rupiah will get you most places in (and a bit out)
of town.
Changing dollars to
Rupiah on the streets
of Tuban, — 1US $ = Rp13, 400 — 1AU $ = Rp10, 470 — EU$ = Rp16, 100 As I mentioned before, usually on Monday the money exchanging vendors raise the rates to somewhere close to the normal exchange rate again after lowering them for the weekend «penalty rates» There are also still a lot
of «rip off» money exchangers in Bali so be highly cautious
of any exchangers offering above normal exchange rates!
In each division the winners will receive a trophy and gifts from Billabong and other event supporters, and the overall winner
of the series will grab a shopping voucher which is worth 2 million Indonesian
Rupiah.
The terminal, estimated to cost 1.7 trillion
rupiah, is intended to accommodate big ships
of at least 13 - metre draft.
There are a small number
of ATM machines on the island which you can use to withdraw cash (
Rupiah) from however they do run out
of cash often, so it is best to bring cash with you.
1 December 2012, Kuta - Bali: On Thursday evening October 29th at the Mantra Bar and Restaurant in Seminyak, Quiksilver Indonesia in support
of the Bali Gecko's Mo - Fundraiser collected over 50 million
Rupiah (over $ 5,000 AUD) that will be donated to the Mo and Sons program in Australia, who are using the money to raise the awareness
of prostate cancer and male mental... [Read more...]