Showing posts with label Money. Show all posts
Showing posts with label Money. Show all posts

Friday, May 1, 2009

ATMs

The maximum amount most ATMs in Bali allow to withdraw is half a million Rupiah. That might sound a lot, but it ain't. Half a million works out at just 36 Euro. That gives some idea of the cost of living for the locals here, although it can create a bit of a headache if you want to withdraw enough money to pay hotel bills, otherwise they slap on an extra 3% credit card charge.

The biggest challenge is making mental calculations with an exchange rate of around 14500 Rupiah to a Euro. In the first day or two it's hard to know what you are paying for anything.