Indonesian currency has a strong existence in the global market, which is accepted worldwide. Strong economy and stable government is the basic pillar behind the rapid Indonesian development. The official currency is Rupiah (Rp) which is issued and controlled by the Bank of Indonesia. IDR is the official ISO 4217 code for this country. Indonesia is one of the popular and cheapest travelling destinations across Asia. Food, travelling and accommodation are all inexpensive as compared to the US dollars.
Agriculture is the chief occupation of Indonesia as it is blessed with excessive natural resources. Natural gas and oil are the major products which contributes 60% of the total government’s income. Indonesia is also one of the leading producers of coffee, rubber, tea, nickel, tin, fish, palm products, copper and other forestry products. Agriculture is the backbone, but tourism is also playing strong supportive role in terms of the revenue generation, which can be noticed through the rapid development in the transportation, airports, roads and other sectors at domestic and international level in Indonesia.
ATM and Currency denominations:
Bronze and silver colored coins are available for normal circulation for 50 Rp, 100 Rp and 500 Rp coins. 25 Rp and 1000 Rp coins are very rare in the normal transaction. Denominations in the form of notes is available for 500 Rp, 1000 Rp, 5000 Rp, 10,000 Rp, 20,000 Rp, 50,000 Rp and 100,000 Rp. It is very simple to exchange the money as there are multiple options available readily. Banks and money changers are particular about the condition of the denominations as they normally refuse tattered and torn cash.
The count of ATM’s has been increased which accepts Cirrus, Maestro, MasterCard and Visa Cards. Some ATM’s offer the maximum per day withdrawal as 500,000 Rp (US 50 $), which might not be sufficient for the traveler considering shopping and other expenses.
Food and Travelling Cost in Indonesia:
Accommodation is the only expensive commodity in the Indonesian travel, as it varies as per the tourist traffic and the location. Meal at the food stall (three square warung), will cost as low as 10,000 Rp (2 $ US); and any local restaurant will not cost more than 30,000 Rp (10 $ US). Shoestring travelers can spend as low as 15 $ US per day in the places such as Nusa Tenggara, Java and Sumatra. The average budget for an air-conditioned average hotel room, car hire and the tour will cost as low as 40 $ US per day. Other transports are much cheaper than air transports in Indonesia.