In Reply to: VOA...I just don't get it?! posted by Tinnupbooey on Monday, 3. September 2012 at 09:44 Bali Time:
that you quote is NOT the rate for cash. It is the bill of exchange rate for non cash transfers between the banks. The airport & other people dealing in cash (overseas currencies) have to clear the money back to the country that it belongs to. that involves security, labour costs, loss of interest, bank charges etc.
What do you think would happen if you wanted to pay for your groceries in Australia using rupiah?