currency


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Posted by Roo_Ted on Monday, 7. May 2012 at 17:55 Bali Time:

In Reply to: how come... posted by Madness on Monday, 7. May 2012 at 14:54 Bali Time:

Yes $AUD is worth more than $US on the world market BUT (and this has always been the case) the indonesian authorities originally decided that the cost of a visa would be $US 25 and would only accept that currency (and that basically still applies) but when you get your VOA receipt you are getting it from a bank booth and banks worldwide are there to make a profit so what you are actually doing is BUYING $US25 at THEIR exchange rate,not the one you see or hear as being the "official rate",so that is why you have to pay more.
Ted


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