Renting a scooter in Bali is best done without using dollars because of unfavorable exchange rates, often the rates at money changers are cheaper than the official rates.
If you do not have Indonesian rupiah, the 493 Scooter Rental team can take you to a money changer to exchange your dollars, and then you can pay for the rental in rupiah.
In Indonesia, there are also regulations prohibiting transactions in foreign currencies. These regulations are outlined in Law Number 7 of 2011 concerning Currency, which states that all transactions conducted within Indonesia must use rupiah. This includes all types of transactions, including the buying and selling of goods and services, as well as debt payments.
Additionally, there are implementing regulations that reinforce this rule, namely Bank Indonesia Regulation (PBI) Number 17/3/PBI/2015 regarding the Obligation to Use Rupiah in the territory of the Republic of Indonesia. This regulation emphasizes that the use of foreign currency for transactions in Indonesia may be subject to penalties such as fines or administrative sanctions.
However, there are some exceptions for transactions conducted in foreign currencies, such as:
International transactions.
Transactions in border areas with other countries.
Payment of foreign debts.
For local transactions such as renting a scooter or purchasing goods and services in Bali, payment in rupiah is required by law. Therefore, it is highly recommended to use rupiah or alternatives such as credit cards to comply with this regulation, paying with a credit card is also faster, more practical, and safer.
It is wiser to use rupiah or a credit card as it complies with legal regulations.
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