indonesian rupiah

[dkmajm]

a business trip next month to singapore and malaysia, has us also going to medan in indonesia to visit our sponsor children for several days, the exchange rate is 1 : 10000 ish, will be using a 28degrees mastercard, topped up with aussie dollars before we go, so my question is using an ATM in medan to get rupiah how hard is to get money in the right amounts, im a little concerned if ask for a $500000 rupiah ($50 aus) im gonna need a truck to carry it!?!? will it feel like palying the pokies and need a wheelbarrow to haul the cash!!!

 

[richie9x]

a business trip next month to singapore and malaysia, has us also going to medan in indonesia to visit our sponsor children for several days, the exchange rate is 1 : 10000 ish, will be using a 28degrees mastercard, topped up with aussie dollars before we go, so my question is using an ATM in medan to get rupiah how hard is to get money in the right amounts, im a little concerned if ask for a $500000 rupiah ($50 aus) im gonna need a truck to carry it!?!? will it feel like palying the pokies and need a wheelbarrow to haul the cash!!!

Most ATMs dispense either 50,000 or 100,000 notes so 500,000 should be no problem. The only problem I have had is that a lot of ATMs have quite a low maximum limit per transaction. So for example if you want to withdraw 1 million you'll have to do it as two 500k withdrawals with two separate withdrawal fees. Commbank and ANZ both have ATMs in Indonesia, if you have an account with either of them then that can be quite a cheap way to withdraw money.

As an aside, one project I was involved with involved account balances for Indonesian customers. The system was designed to a global standard by developers in the UK, who never conceived that some customers would have account balances upwards of 1 trillion rupiah. A fair chunk of the internal workings had to be redesigned to deal with such numerically high balances.

 

[dkmajm]

thanks for the info, its hard to get your head around something in monetary terms when its a 1:10000 ratio, i do appreciate the info

 

[ermen]

another way potentially is to get your rupiah in Singapore if you are there first

 

[docjames]

thanks for the info, its hard to get your head around something in monetary terms when its a 1:10000 ratio, i do appreciate the info

Try visiting Zimbabwe back when they had a $100Trillion dollar note! Zimbabwean dollar - Wikipedia, the free encyclopedia

 

[dkmajm]

lol true, wouldnt mind bringing home a $1,000,000 note (current value in AUS is $105!!) from Indonesia! edit: looks like $100,000 is highest note ah well!

 

[Cynicor]

thanks for the info, its hard to get your head around something in monetary terms when its a 1:10000 ratio, i do appreciate the info

Yes, yes it is. I lugged my bag about a km up the road to avoid $2 for a taxi driver, as the exchange rate I'd worked in my head was a factor of 10 off. It was really the prinicple of paying (I thought) $20 for a 2-3 minute taxi ride. The walk wasn't bad really, and the bag help up fine as it was my Victorinox.